Cooper Tires extends North America production pause
Cooper Tire & Rubber Company announced on Friday that its tyre manufacturing plants in North America will remain shuttered for at least another two weeks. The company began closing down its Findlay, Clarksdale, Tupelo and Texarkana facilities in the USA and El Salto plant in Mexico on 21 March and intended to shut them down for two two three weeks. It says the production pause is being extended both to protect the health and safety of employees and as a response to decreased market demand. Cooper will continue to closely monitor the situation and adjust timing as necessary.
Cooper plants in Europe continue to be temporarily closed. Plants in China reopened several weeks ago and have continued to ramp up production.
The company continues to monitor supply chain and product inventory levels, and believes it has sufficient supply of product. Cooper’s distribution centres in the USA continue to operate and distribute products to customers.