We use cookies and similar methods to offer the best experience to all visitors and to remember their preferences. Please take a moment to review our Privacy Policy. By tapping “accept”, you consent to the use of these methods.

SMI - GERAL Q1 2026
+0.64 % 291.76
=
INCOME RETURN
+2.21 % +
APPRECIATION RETURN
-1.57 %
USD / MXN
0.00 % 17.33
GDP (Quarterly, Millions)
-1.24 % 29,325,765.23 PTS
CPI
0.00 % 3.37 PTS
Reference Rate
0.00 % 6.50 PTS
Closing IPC
0.00 % 66,697.22 PTS
UDIs
0.00 % 8.80 PTS

Michelin Queretaro Plant, the Second Best in Quality Worldwide

  • Recently, Michelin announced a significant investment and job creation for the first truck tire retreading plant in Mexico and Central America, showcasing their commitment to the market.
Photograph of a Michelin plant. Photo: Auto Esporte.
Photograph of a Michelin plant. Photo: Auto Esporte.
11/10/2022
The Michelin plant in Querétaro has positioned itself, at the beginning of this year, as the second-best in quality among its 127 complexes distributed worldwide. "And not in Germany, Austria, or France, but here in Querétaro. 

That's why we have great confidence in the industry in Mexico and in Querétaro, and that's why investments and projects are coming in the future," said Etienne Ludwig, Director of the Michelin plant in Querétaro, Mexico. 

This achievement, he added, has been reached thanks to the results obtained by the plant, the level of competition, and the commitment of its world-class collaborators. In relation to this, Werner Ruess, Director of Government and Institutional Relations at Michelin, explained that this demonstrates that investment can be attracted to Querétaro due to its responsiveness. Recently, Michelin announced an investment of 150 million pesos and the creation of 200 specialized jobs for the first truck tire retreading plant in Mexico and Central America, in addition to expanding its BF Goodrich tire production line. 

This second factory in Querétaro is the most modern in the world for truck tires, detailed Ludwig. "We believe in the local Mexican market and we want to offer our products with quality and performance to Mexican consumers. But we also see that the country attracts our customers, such as automakers, so it is important for us to be close to them and be able to supply them," expressed Matthieu Aubron, President and CEO of Michelin Mexico and Central America. Michelin employs 2,000 people in Mexico, of which 550 work at its plant in Querétaro.

According to the company's estimates, for every direct job it generates, between three and four additional indirect positions are created in the state. Ruess explained that Michelin is preparing its long-term operation in the country, not only by increasing its capacity but also by incorporating more technology to support the growth of the market, both nationally and in the United States and Canada.

Latam
Mexico
Bajio
Industrial
Market Analytics
Investments

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.

Video Thumbnail
SiiLA

10 Years Later: Reforma Colón Breaks Ground with a Project 60% Smaller Than Originally Planned
07/28/2026
Can Industry Predict the Size of an Industrial Building?
07/27/2026
Food Courts: More Than Reflecting What We Eat, They Reveal How We Compete
07/23/2026
Office Market Corporate Occupancy Reaches Its Lowest Level Since 2019
07/21/2026
FIBRA Monterrey Faces Its Most Complex Repositioning Challenge While Completing Its Largest Acquisition. Simultaneously
07/16/2026

Transactions


Flavio Eom leads LG Electronics Mexico. Photo: SiiLA.
LG Pays a Premium to Macquarie in a Slower Apodaca
César Soriano leads Seguros Confíe, which leased more than 5,700 sqm of office space in Mexico City during 2026. Photo: SiiLA.
Office Leases Defy Economic Uncertainty

Nearshoring

James Li leads Honor, which absorbed space in Hofusan in 2026. Photo: SiiLA.
Hofusan and the Limits of Asia’s Industrial Model in Mexico
Lorenzo Berho leads Vesta, which delivered one of the largest industrial buildings in Q1 2026, totaling more than 67,000 sqm. Photo: SiiLA.
How Can the Boom End Without Ending the Expansion?

Trusted by Leading Publications

Exclusive Access

Join our mailing list for Real Estate News, Events, Insights & Resources.

SiiLA News on Mobile - Stay Updated Anytime, Anywhere. Read Latest Real Estate News from your phone