Tag: Cooper Tire

Cooper Tire to become 100% owner of Mexico JV tyre plant

4th November 2019 | 0 Comments

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.

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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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Melksham restructuring hits Cooper with international operating loss

Melksham restructuring hits Cooper with international operating loss

29th April 2019 | 0 Comments

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.

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Cooper Tires challenges Coulthard in new video series

Cooper Tires challenges Coulthard in new video series

24th April 2019 | 0 Comments

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.

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Cooper’s Kathleen Slocum wins 2019 Step Ahead award

19th March 2019 | 0 Comments

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.

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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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Global platform for sustainable natural rubber launched

Global platform for sustainable natural rubber launched

29th October 2018 | 0 Comments

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.

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Cooper supplies South Snowdonia Search and Rescue Team with tyres

Cooper supplies South Snowdonia Search and Rescue Team with tyres

5th October 2018 | 0 Comments

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.

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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 Europe launches new brand portal

Cooper Tire Europe launches new brand portal

12th September 2018 | 0 Comments

Cooper Tire Europe has launched a new Cooper Brand Portal, providing online access to a host of digital assets for media and brand partner use. Product photography, event images and video content are now all readily available for download.

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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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Zhongce Rubber enters global top ten tyre manufacturers

Zhongce Rubber enters global top ten tyre manufacturers

8th August 2018 | 0 Comments

China’s largest tyre manufacturer, Zhongce Rubber, has entered the global top ten, research published today by Tyrepress shows. Best known in Europe for its Westlake brand, the company has pushed up in the rankings past Giti Tire – manufacturer of GT Radial – which did not supply 2017 figures before the deadline, Toyo Tires, and Cooper Tire & Rubber, which fell three places. Competition in the lower quarter of the top ten places is fierce, with turnovers for tyres between 2.4 billion euros (Cooper in 13th) and 3.2 billion euros (Maxxis in ninth).

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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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