Tag: Brad Hughes

Cooper Tire Awards Annual Roy V. Armes, Centennial scholarships

30th May 2019 | 0 Comments

Cooper Tire & Rubber Company has selected six high school seniors to receive scholarships to pursue higher education. The Roy V. Armes Scholarship, in the amount of $5,000, and five Cooper Centennial Scholarships, in the amount of $1,000 each, were awarded.

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Cooper Tire and Sailun announce Vietnam TBR tyre joint venture

Cooper Tire and Sailun announce Vietnam TBR tyre joint venture

12th December 2018 | 0 Comments

Cooper Tire & Rubber Company is to form a joint venture with Sailun Vietnam Co, Ltd to build a 2 million capacity truck and bus radial manufacturing plant. Subject to closing and government approvals, the facility will be located near Ho Chi Minh City, Vietnam, at the site of Sailun Vietnam’s existing operations, which early in 2018 signed an offtake agreement to produce Roadmaster, Dean and Starfire brand tyres for Cooper. The new announcement represents the latest move in a series of cooperative moves between the two firms - Sailun Jinyu invested in joining Cooper in its GRT JV in September.

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Cooper Tire & Rubber appoints new CFO

Cooper Tire & Rubber appoints new CFO

15th November 2018 | 0 Comments

Christopher J. Eperjesy is joining Cooper Tire & Rubber Company as its chief financial officer and senior-vice president, effective 10 December. He will succeed Ginger Jones, whose intention to retire was announced earlier in the year.

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Sailun Jinyu joins Cooper Tire in GRT joint venture

26th September 2018 | 0 Comments

In 2016, Cooper Tire & Rubber invested some US$93 million to acquire a 65 per cent shareholding in Qingdao Ge Rui Da Rubber Co., Ltd (GRT). The remaining 35 per cent share in the China-based truck and bus radial manufacturing operation was retained by Qingdao Yiyuan Investment Co., Ltd. (QYI), however QYI is now selling its stake in the business. Sailun Jinyu Group Co., Ltd. has signed a share transfer agreement with QYI to acquire its 35 per cent interest in GRT for RMB 220 million (£24.4 million, US$32.0 million), subject to government approval.

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Cooper Tire promotes Ceneviz, names Yang as Tsaur’s successor

Cooper Tire promotes Ceneviz, names Yang as Tsaur’s successor

31st August 2018 | 0 Comments

Cooper Tire & Rubber Company has announced two international leadership appointments. Luis Ceneviz takes on a position of greater responsibility within the company, while Alan Yang returns to Cooper to fill the position made vacant by the impending retirement of Allen Tsaur.

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Cooper Tire: Sales, income lower in Q2 2018

Cooper Tire: Sales, income lower in Q2 2018

8th August 2018 | 0 Comments

The results reported by Cooper Tire & Rubber for the second quarter of 2018 were, says the company’s president and chief executive officer, “in line with our stated expectations.” It therefore came as no great surprise that net sales, operating income and net income were all lower year-on-year in the three months to 30 June 2018.

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Investor Day: Cooper Tires outlines strategies

Investor Day: Cooper Tires outlines strategies

14th May 2018 | 0 Comments

At its Investor Day in New York last Friday, Cooper Tire & Rubber Company outlined strategies for continued shareholder value creation. Management detailed plans to support five-year mid-term targets for operating profit of ten per cent to 14 per cent as well as annual unit volume growth in the low- to mid-single digits and return on invested capital of 14 per cent to 16 per cent.

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Cooper Tire: Manufacturing costs, lower volumes hold back Q1 2018 profit

2nd May 2018 | 0 Comments

Cooper Tire & Rubber reports achieving net sales of US$601 million in the first quarter of 2018, a 6.5 per cent decrease on a year earlier. The tyre maker states that net sales were negatively impacted by $39 million of lower unit volume and $20 million of unfavourable price and mix, partially offset by $17 million of favourable foreign currency impact.

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Cooper Tire: Earnings affected by tax reform in 2017

22nd February 2018 | 0 Comments

Cooper Tire & Rubber Company has reported full year 2017 net income of US$95 million, or diluted earnings per share of $1.81, a 61.7 reduction on the $248 million earned the year before. Income was affected by tax reform in the USA; the tyre maker states that excluding these discrete tax items, earnings per share would have amounted to $3.10.

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Offtake agreement: Sailun Vietnam making TBR tyres for Cooper Tire

8th February 2018 | 0 Comments

Under a new multi-year manufacturing offtake agreement, the Sailun tyre plant in Vietnam will produce truck and bus radial (TBR) tyres for Cooper Tire & Rubber. Tyres produced for Cooper in the Sailun Vietnam Co., Ltd. plant will be manufactured under the Roadmaster, Dean and Starfire brand names and be sold in global markets. Cooper says the offtake agreement gives it a “third global source of TBR tyre production to meet growing customer needs.”

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Bialek named Cooper Tire’s treasurer

Bialek named Cooper Tire’s treasurer

31st January 2018 | 0 Comments

The Board of Directors of Cooper Tire & Rubber Company has elected Jerry Bialek to serve as vice-president and treasurer. Bialek’s appointment takes effect 1 February 2018 and will be in addition to his leadership of Cooper Tire’s investor relations. He replaces Tom Lause as treasurer following the latter’s retirement from Cooper Tire on 31 January.

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Cooper Tire & Rubber posts Q3 2017 results

30th October 2017 | 0 Comments

Cooper Tire & Rubber Company has reported a net income of US$62 million (diluted earnings per share of $1.18) for the third quarter of 2017, up 26.5 per cent from a year earlier.

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Cooper Tire & Rubber issues 2016 Global Sustainability Report

Cooper Tire & Rubber issues 2016 Global Sustainability Report

14th August 2017 | 0 Comments

In its Corporate Social Responsibility (CSR) and Sustainability report for 2016, titled ‘Responsibility the Cooper Way’, Cooper Tire & Rubber reports that its energy usage intensity has been reduced by 18 per cent since 2009, while the intensity of water used in its tyre production has decreased seven per cent. During the same period, Cooper’s landfill usage intensity has decreased nearly 30 per cent and its greenhouse gas emissions intensity are down 12 per cent.

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Cooper Tire & Rubber issues 2016 Global Sustainability Report

Cooper Tire & Rubber issues 2016 Global Sustainability Report

14th August 2017 | 0 Comments

In its Corporate Social Responsibility (CSR) and Sustainability report for 2016, titled ‘Responsibility the Cooper Way’, Cooper Tire & Rubber reports that its energy usage intensity has been reduced by 18 per cent since 2009, while the intensity of water used in its tyre production has decreased seven per cent. During the same period, Cooper’s landfill usage intensity has decreased nearly 30 per cent and its greenhouse gas emissions intensity are down 12 per cent.

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Cooper Tire: Raw material costs deflate profit in Q1 2017

3rd May 2017 | 0 Comments

Although its revenues remained at roughly the same level as a year earlier, Cooper Tire & Rubber experienced a 46.2 per cent year-on-year drop in operating profit during the first quarter of 2017. The largest contributor to this unfavourable result was raw material costs which, net of price and mix, removed $42 million from the result.

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