Michelin expands retread business

Michelin has begun construction of a new tread pressing plant in Queretaro, Mexico to produce tread rubber for the commercial truck retread tire marker in North America.

The new plant is expected to start production in spring 2007 and will employ up to 120 people.

“Demand for Michelin retreads in North America is exploding,” said Luc Monguet, COO- Michelin Americas Truck Tires. “Demand is growing by half a million treads a year and our franchisees plan to open 15 retreading plants this year.”