Cooper Tire acquiring majority share in Chinese truck tyre maker

6th January 2016 | 0 Comments
 
Cooper Tire acquiring majority share in Chinese truck tyre maker
The GRT plant, near Qingdao, has been in operation since 2014

It’s now over a year since Cooper Tire & Rubber completed the sale of its share in the Cooper Chengshan (Shandong) Tire Company Ltd joint venture. At the time, company chairman, chief executive and president Roy Armes mentioned that Cooper would “identify and develop alternative sources” for the tyres produced at the Cooper Chengshan plant; he identified a further joint venture as one potential option. The tyre maker reports it has realised this alternative source and has entered into an agreement to purchase a majority of China-based Qingdao Ge Rui Da Rubber Co., Ltd (GRT).

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