Tag: Cooper Tire
Cooper completes acquisition of Mexico joint venture plant
Cooper Tire & Rubber Company has completed the acquisition its Mexico joint venture tyre manufacturing facility, Corporación de Occidente S. A. de C.V. (COOCSA). The agreement to increase its shareholding from 58 to 100 per cent was announced on 1 November 2019.
Cooper Tire: We want to make British Rallycross the best in the world
Just before Christmas, Motorsport UK announced it had selected Cooper Tire Europe as exclusive tyre supplier for the coming three British Rallycross Championship seasons, and as such is renaming the championship the Motorsport UK British Rallycross Championship 5 Nations Trophy Presented by Cooper Tires. The tyre maker says it is “excited” to extend its motorsport supply portfolio.
Cooper Tire sponsoring Féminas Off-Road Campus
Cooper Tire Europe is sponsoring the 2019 edition of the Féminas Off-Road Campus, which will take place at the Masía Pelarda 4x4 complex in Aragón, Spain between Friday and Sunday.
Cooper Tire Europe launches full rally tyre range
Cooper Tire Europe has launched an extensive new rally tyre range. Developed and manufactured by Cooper Tire Europe, the new range covers tarmac, classic tarmac, gravel and mud and snow (M+S) applications. The manufacturer states that the range is designed to provide ultra-high performance and reliability across numerous applications and levels of rallying competition.
Cooper Tire to become 100% owner of Mexico JV tyre plant
Cooper Tire & Rubber Company intends to completely acquire its joint venture tyre manufacturing facility in Mexico. It currently holds a 58 per cent share in Corporación de Occidente S.A. de C.V. (COOCSA), but has entered into a definitive agreement with partner Trabajadores Democraticos de Occidente S.C. de R.L. de C.V. (TRADOC) to acquire its 42 per cent stake. On Friday, a majority of TRADOC members voted in favour of the agreement.
Cooper Tire releases 2018 Sustainability report
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.
Cooper Tire acknowledged for BoD female representation
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.
Melksham restructuring hits Cooper with international operating loss
Cooper Tire has seen sales and profits rise in North America, while international figures have declined considerably. Overall, this amounts to small increases for the company. The company’s international operations (outside the Americas) loss of 1 million dollars is 8 million dollars down on the operating profit of 7 million dollars in the first quarter of 2018, which is largely explained by the 5 million dollars it has spent in ending light tyre production in Melksham, Wiltshire. Cooper expects these charges to amount to between 8 and 11 million dollars in the total year.
Cooper Tires challenges Coulthard in new video series
Cooper Tires has produced a new series of videos with ex-Formula 1 star and brand ambassador David Coulthard. In the new DriveTribe.com series, the tyre manufacturer challenges Coulthard to explore the role that tyres play in a range of extreme driving conditions.
Cooper’s Kathleen Slocum wins 2019 Step Ahead award
The Manufacturing Institute has recognized Kathleen Slocum, senior manager, Corporate Quality for Cooper Tire & Rubber Company, with a Women in Manufacturing STEP (Science, Technology, Engineering and Production) Ahead Award for 2019. Slocum is among 130 women nationally who earned the honour this year from a field of hundreds of nominees.
Cooper Tire opens ‘central’ US warehouse
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.
Cooper Tire & Rubber appoints new CFO
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.
Global platform for sustainable natural rubber launched
Members of the Tire Industry Project (TIP) and other stakeholders came together on 25 October to celebrate the inauguration of a new platform for positively transforming the natural rubber supply chain. Following 12 months of stakeholder collaboration, the Global Platform for Sustainable Natural Rubber (GPSNR) has been launched with what is described as “an ambitious and wide-reaching set of priorities” for the natural rubber chain.
Cooper supplies South Snowdonia Search and Rescue Team with tyres
Cooper Tire Europe is continuing to supply tyres to the South Snowdonia Search and Rescue Team (SSSART), an action that is said to be helping the team of volunteers save lives in the most extreme conditions. Working with the North Wales police, SSSART searches for missing people and carries out rescue operations in mountainous and very difficult to reach locations no matter what the weather conditions, helping hill-walkers, mountain bikers and anyone who gets in to difficulty in the wild and rugged terrain of South Snowdonia.
Sailun Jinyu joins Cooper Tire in GRT joint venture
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.