Michelin has announced plans to close its tire manufacturing facility in Queretaro, Mexico, by the end of 2025. The move comes as the company adapts to evolving market demands in the passenger car and light truck segment.
The closure will impact approximately 480 employees. According to Michelin, the decision was made as a “last resort” due to the plant’s inability to meet current market requirements. The facility, one of the company’s oldest in Mexico, is primarily configured to produce smaller-sized tires, which have seen declining demand as consumers increasingly favor vehicles with larger rims and tires.
Michelin emphasized that its corporate operations will remain in Queretaro. Meanwhile, production will continue at its more modern facility in León, Guanajuato, which has been operational since 2016 and is considered one of the company’s most advanced plants globally. The company has not disclosed specific details regarding severance or transition support for affected workers but stated that it is committed to handling the closure responsibly.