GUANAJUATO, Mexico—Sailun Group broke ground on $240 million factory in Guanajuato, a move the company says underscores its commitment to the North American market.
Upon completion, the state-of-the-art factory will have capacity for about 6 million tires annually. Ultimately, though, Sailun expects to eventually expand on that capacity by as much as 1.8 million units.
Sailun noted the plant's strategic location allows it to best serve the North American market with locally sourced products.
"We are thrilled to embark on this exciting journey as we break ground on our new factory in Mexico," Peter Koszo, president of the Sailun Group of Companies in North America, said in a statement. "This expansion represents a significant investment in our future and reaffirms our commitment to providing top quality tires for the North American market and allows us to continue to diversify our product offerings."
The North American expansion is the latest in a string of investments that underpin the company's vision for global growth and local-to-local product sourcing.Those investments include a $250 million plant in Indonesia and expanded capacity in Cambodia.
