Cooper brand tyre manufacturing set to resume in China, say US firm
Cooper Tire & Rubber Company is suggesting that production of Cooper branded tyres is set to restart at the company’s Cooper Chengshan (Shandong) Tire (CCT) joint venture facility in Rongcheng, China. Production was halted when the workers at the Chinese joint venture company became embroiled in a significant industrial dispute with the US firm linked to the erstwhile Apollo Tyres takeover bid.
“Preliminary work to ramp up production of Cooper brands at CCT is taking place. While this is a step forward in resolving the issues there, Cooper is looking to the labour union and joint venture partner to assure that production will indeed resume in full and will continue uninterrupted. While restarting production of Cooper brands at CCT indicates positive progress, it is absolutely critical that actions are taken there to allow Cooper to resume regular financial reporting. This remains an open issue and we are working hard to resolve it as our top priority.”