Yokohama Rubber initiates groundbreaking for a production facility in Coahuila, Mexico
Yokohama Rubber Company to Establish New Plant in Saltillo, Coahuila, Mexico
In a significant development for the automotive industry in Mexico, the Yokohama Rubber Company announced the construction of a new plant in Saltillo, Coahuila. The investment for the plant is a substantial 380 million US dollars, and it is set to begin construction on Monday, April 19, 2024.
The plant, located in the industrial zone of Derramadero, south of Saltillo, will primarily focus on the production of automobile tires, catering to the North American market, a crucial market for the company. Masataka Yamaishi, the president of Yokohama Rubber, stated that this move will improve the economic fabric and strengthen ties between Mexico and the company's home nation.
The groundbreaking ceremony was attended by the state governor, Manolo Jimeฬnez, who highlighted the factors that attracted Yokohama to Coahuila. These include the state's safety, competitiveness, energy, water, land, and qualified labor. Jeff Barna, the president of YTC, mentioned that the establishment of the new factory will improve the quality of products and establish a closer relationship with customers.
The plant is expected to generate 1,100 direct jobs, a significant boost to the local employment market. However, no mention was made of any other companies investing or establishing operations in Coahuila in the current announcement.
The North American market is driven by customers who demand excellence, trust, and value. With this new plant, Yokohama Rubber Company aims to meet these demands and further solidify its position in the region. The company's executives and the state governor were present at the groundbreaking, but no new information about them was provided.
As the construction progresses, the Yokohama Rubber Company will undoubtedly contribute to the growth and development of the automotive industry in Coahuila, Mexico, and the North American market as a whole.
Read also:
- A continuous command instructing an entity to halts all actions, repeated numerous times.
- Tuberculosis: Its Contagious Nature, Transmission Pathways, and Risk Factors
- Kids' Echinacea: Potential Advantages and Administering Methods
- Rising Hospital Admissions Due to Severe Food Allergies According to Recent Studies
