Cooper and Kenda in joint venture
Cooper has expanded its Far Eastern presence with a joint venture with Taiwanese tyre manufacturer Kenda. The two companies will build a plant to make radial passenger and light truck tyres, which will be situated in the Jiangsu Province of the People’s Republic of China and jointly owned by the two manufacturers. Construction will begin in the middle of next year, with tyre production starting late 2005.
The tyres will be aimed at markets outside China. Speaking of the deal, Cooper’s Thomas A. Dattilo said: “It will allow us to add capacity and lower costs in our tyre business.