Mexico is becoming one of the top five tire manufacturing . . . In other words, Mexico's tire production capacity is expected to exceed 100 million tires in the next few years Mexico is already the second-largest source of passenger car tires imported to the U S and the fifth-largest source of light truck tires exported to the U S In 2023, the U S imported 22 8 million passenger car tires and 1 79
In Mexico, anti-dumping duties on passenger car and light . . . On October 1, 2024, Mexico directly imposed anti-dumping duties on passenger car and light truck tires from China, with the highest tax rate reaching 32 24% The tires subject to anti-dumping duties are new radial pneumatic tires for cars and light trucks, with a nominal inner diameter of 13 to 22 inches
Editorial: Tiremakers Flock to Mexico | Modern Tire Dealer These factories will be the first new tire manufacturing plants built in Mexico by non-native companies, at least to my knowledge, since 2018, when Michelin North America Inc opened a light truck tire manufacturing facility in that country Michelin’s other plant in Mexico, which produces passenger tires, is located in Queretaro
Mexico evolving into Top 5 tire-producing nation | Tire Business Those numbers account for 14% of passenger tire imports and 5% of light truck shipments from abroad While Mexico's rubber industry trade group, the Camara Nacional de la Industria Hulera (CNIH), does not publish production or shipment figures, it is believed Mexico's six tire companies — subsidiaries of Bridgestone Corp , Continental A G
New Yokohama plant in Mexico to provide five million tires . . . The Yokohama Rubber Co (YRC) revealed its intent to build a new consumer light truck tire plant at the Alianza Industrial Park in Saltillo, Coahuila, Mexico, following approval by the YRC board “This is a clear signal that Yokohama is committed to the North American market,” Jeff Barna
Final Ruling in Mexico: The Highest Anti-dumping Tax Rate For . . . On September 30, 2024, the Mexican investigative agency issued a final ruling on the anti-dumping investigation into passenger car and light truck tires from China The investigation found that the products imported from China pose a threat of harm to Mexico's domestic industry
A positive trend for the tire market in Mexico Mexico has become the world’s eighth-largest producer of cars and light trucks according to the Mexican Automobile Industry Association Last year Mexico set a record for local auto production, almost 3 million vehicles, most of them for to the U S and Canadian market, but also serving a growing exports market to South American countries
Navigating High Tire Tariffs: Tips for North American Businesses According to relevant data, Mexico’s current annual tire production capacity has exceeded 65 million passenger car tire light truck tires and 1 million to 2 million truck tires and bus tires With the commissioning of the new plant, Mexican tire production capacity is expected to increase by more than 35%, and is expected to exceed 100
Mexicos tire industry is growing rapidly Mexicos tire . . . The U S is Mexico's largest tire exporter Mexico is already the second-largest source of U S passenger car tires and the fifth-largest source of light truck tires, according to the U S Census Bureau In 2023, the United States imported 22 8 million passenger car tires and 1 79 million light truck tires from Mexico, valued at more than $2