Tag: Cooper Tire & Rubber

Cooper Tire releases 2018 Sustainability report

Cooper Tire releases 2018 Sustainability report

29th August 2019 | 0 Comments

Cooper Tire & Rubber Company has published its seventh annual Corporate Social Responsibility (CSR) and Sustainability report. The report, titled ‘Responsibility the Cooper Way’, is the seventh such report from Cooper Tire.

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Cooper Tire acknowledged for BoD female representation

Cooper Tire acknowledged for BoD female representation

13th August 2019 | 0 Comments

US non-profit organisation 2020 Women on Boards has goldstarred Cooper Tire & Rubber as a Winning “W” Company for the level of female representation on its Board of Directors.

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Cooper investing US$4 million in Tupelo mixing

15th July 2019 | 0 Comments

Cooper Tire & Rubber is investing a further $4 million into its plant in Tupelo, Mississippi. Local news sources, citing documents filed with the city said the money will be invested in upgrading the Tupelo plant’s mixing facilities.

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Cooper Tire opens ‘central’ US warehouse

Cooper Tire opens ‘central’ US warehouse

19th November 2018 | 0 Comments

The million square foot (92,900 square metre), centrally-located warehouse that Cooper Tire & Rubber Company erected near three of its factories in the USA is now in operation. The new warehouse in Byhalia, Mississippi employs approximately 100 people and is Cooper’s largest distribution centre nationwide.

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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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28 Dakar rallies, 10 on Cooper tyres – Xavi Foj ready for 2018 event

28 Dakar rallies, 10 on Cooper tyres – Xavi Foj ready for 2018 event

19th December 2017 | 0 Comments

Cooper Tire 4x4 ambassador Xavi Foj is preparing to enter his 28th consecutive Dakar Rally – the tenth he has competed on Cooper tyres. For the 2018 rally, Foj’s Toyota Land Cruiser 150 will be shod with the all-new Cooper Discoverer S/TMAXX POR – a tyre he assisted in developing for extreme off-road adventures.

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