Arab Today, arab today goodyear to invest 550m to open new plant in mexico
Last Updated : GMT 13:27:38
Arab Today, arab today
Arab Today, arab today

Goodyear to invest $550m to open new plant in Mexico

Arab Today, arab today

Arab Today, arab today Goodyear to invest $550m to open new plant in Mexico

Mexican President Enrique Pena Nieto
Mexico City - XINHUA

U.S. tire manufacturer Goodyear on Friday announced it will invest 550 million U.S. dollars to build a factory in Mexico's north-central state of San Luis Potosi.

The plant, expected to start operation in 2017, will generate 1,000 direct jobs and some 5,000 indirect jobs when fully operated, Goodyear CEO Richard J. Kramer said at a ceremony to announce the investment, which was attended by Mexico's President Enrique Pena Nieto.

"Today we are announcing our expanding commitment to Mexico," Kramer said. "This plant will better meet the needs of this country and the Latin American continent."

Construction on the plant, to be Goodyear's most technologically advanced, according to a company press release, is set to begin in June, and produce about 6 million "high-value-added (HVA) consumer tires" a year.

"Industry demand for HVA tires in (North and South America) is expected to increase by 10 million tires per year from 2014 to 2019," the company said.

Pena Nieto welcomed the investment, saying it showed "the world is looking to Mexico and saying good things about our country."

Automakers Toyota and Ford have also announced investments in Mexico, "because we have succeeded in creating the conditions that offer these companies operational advantages, and in part, this is due to the structural reforms" made by this administration, Pena Nieto said.

The investments in Mexico's auto sector amount to up to 23 billion dollars, and reflect "the confidence that international companies have placed in Mexico," the president said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today goodyear to invest 550m to open new plant in mexico Arab Today, arab today goodyear to invest 550m to open new plant in mexico

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today goodyear to invest 550m to open new plant in mexico Arab Today, arab today goodyear to invest 550m to open new plant in mexico

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday