Closure Of Two Uniroyal Factories In Mexico

Uniroyal S.A. Mexico, daughter company of Michelin North America, has confirmed the closure of their two factories in Tacuba and Queretaro.

760 employees are affected and will receive a severance package. Uniroyal Mexico says that it was not possible for the two factories to produce tyres cost-effectively and the company was losing money, while imported tyres were making a profit. Other possible reasons for the closure, for example political or environmental reasons, were strongly denied.