Which tyre manufacturer is launching a new factory in Mexico?

Leading global tyre manufacturer Zhongce Rubber Group Co., Ltd (ZC Rubber), headquartered in Hangzhou, China, has unveiled its plans for a new factoryin Mexico. The company is looking to establish a manufacturing facility in Saltillo, with a potential size of up to 600,000 square meters.

Will ZC rubber open a tire factory in Mexico?

Henry Shen, Vice President of ZC Rubber, expressed his anticipation for this investment plan, stating, “Our plan to open a tire factory in Mexico demonstrates our commitment to meeting the growing demand for high-quality tires in the region.

Where are ZC rubber tyres made?

Not only is Zhongce Rubber Group Co., Ltd (ZC Rubber) setting up a new factory in Indonesia, the Hangzhou, China-headquartered tyre maker has also unveiled plans for a plant in Mexico. The company is looking to establish a manufacturing facility in Saltillo, in the state of Coahuila, with a potential size of up to 600,000 square metres.

Where is ZC rubber based?

Hangzhou, China – Zhongce Rubber Group Co., Ltd (ZC Rubber), headquartered in Hangzhou, China, has unveiled its plans for a new factory in Mexico. The company is looking to establish a manufacturing facility in Saltillo, with a potential size of up to 600,000 square meters.

How big is the tyre market in Mexico?

According to the report titled "Mexico Tyre Market Overview, 2026" published by Bonafide Research, the tyre market of the country Mexico is expected to grow at CAGR around 7% market size by the end of the forecast period. In Mexico, different types of tyres are present and they are categorised in different segments.

How much is the Mexico OTR tire market worth?

The Mexico OTR Tire Market was valued USD 989.06 Million in 2020 and is expected to grow at a CAGR of over 8.13%, in value terms, over the next five years to reach USD 1605.17 Million until 2026, on the back of increasing agricultural activities in the country