Sailun Tire Americas will enter a joint venture with Sailun Singapore to invest in the construction of a new tire manufacturing plant in Mexico.
Sailun Singapore is a wholly owned subsidiary of Sailun Tire and TD International Holding, S.A.P.I. de C.V. in Mexico.
The new facility will have an annual production capacity of six million semi-steel radial tires, with a total project investment of $240 million.
According to Sailun officials, the joint venture "is also considering the construction of an annual production capacity of 1.65 million all-steel radial tire projects in the future."
“This new facility will be equipped with state-of-the-art technology and staffed with highly skilled professionals who are committed to maintaining the high standards of quality and innovation Sailun is known for,” says Peter Koszo, president, North America, Sailun.
“This expansion will not only allow us to meet the increasing demand for our products, but also enable us to design, test and now build products for North America, in North America.”
