Posted: Monday, November 26, 2018. 2:09 pm CST.
By BBN Staff: Caribbean Tires, a Belizean automotive company, is broadening its horizon and entering new markets.
Mexican media outlets are reporting that the company will open a new branch in Chetumal, Quintana Roo.
The company will be named, Caribbean Tires de Mexico.
The company has spent almost 60 million pesos for its new facility that is nearing completion.
Bernardo Cueto, general director of the Institute for the Development and Financing of the state says that Mexico continues to be an attractive country for investments.
David Reimer, an executive of Caribbean Tires Belize, expressed his satisfaction with the project which has been in the pipeline since 2014.
Construction on the project started in 2016.
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