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You are here: Home1 / Cooper

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Goodyear investing US$200 million in Cooper Kun Shan tyre factory

International News
Cooper

Goodyear is investing US$200 million (about 1.37 billion yuan, £170 million, 190 million euros) in its Cooper Kun Shan tyre factory. Following the latest investment, the total investment of the Cooper Kun Shan plant is expected to reach $500 million (about 3.42 billion yuan, £410 million, 470 million euros).

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Related news:

  1. Goodyear investing 16.5 million euros in Montluçon motorcycle tyre production, ends light-truck tyre making
  2. US Motorists Driving Less
  3. Decennial shift in global PCLT tyre volume market share
  4. Cooper Tire gives Chengshan option to buy, values CCT at US$435 million
9th January 2023/by Xuda Wang

‘Part of Melksham DNA for more than century’ – local leaders react to Cooper Tire factory closure

Company News, UK News

Wiltshire politicians and Unite union representatives have reacted to the news that Cooper Tire plans to end tyre production at its Melksham plant by the end of 2023. Speaking to local news source, the Wiltshire Gazette & Herald, Michelle Donelan, MP for Chippenham, offered her support to workers, while Melksham’s mayor emphasised the longevity and importance of the manufacturing site in the town’s history. With the plant’s 350-strong workforce represented by Unite, union leader Tony Hulbert railed against the timing of the announcement, given the UK’s spiralling cost-of-living crisis.

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Related news:

  1. Cooper begins consultation on plans to close Melksham factory by end of 2023
  2. Cooper announces plan to end light vehicle tyre production at Melksham
  3. Cooper Melksham cutback plans to proceed after consultation ends
  4. Goodyear investing 16.5 million euros in Montluçon motorcycle tyre production, ends light-truck tyre making
19th October 2022/by Andrew

Goodyear investing 16.5 million euros in Montluçon motorcycle tyre production, ends light-truck tyre making

Company News, International News
Christian Marx/Profil Verlag

Following the news that it is consulting on the closure of the Cooper Melksham tyre factory, Goodyear has announced that it is set to invest 16.5 million euros into the “modernisation” of its Montluçon, France tyre production plant over the next 18 months. The news also marks the end of light truck tyre production at Montluçon. Prior to the announcement, the production of two-wheel tyres accounted for 50 per cent of the site’s activity and the site has also made motorsport tyres during its recent history.

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Related news:

  1. Cooper begins consultation on plans to close Melksham factory by end of 2023
  2. Is Continental about to break into PCLT tyre global big 3?
  3. Goodyear approached Cooper Tire regarding multi-billion-dollar acquisition
  4. Decennial shift in global PCLT tyre volume market share
18th October 2022/by Chris

Cooper begins consultation on plans to close Melksham factory by end of 2023

Company News, UK News
Cooper Tire

The Cooper Tire & Rubber Company Europe plans to close its UK tyre manufacturing plant in Melksham, Wiltshire by the end of 2023. The company will now begin a consultation process on the proposed closure involving 350 Cooper employees and the relevant employee representative bodies. Previous cutbacks at Cooper’s Melksham plant, one of the few new tyre producers remaining in the UK, were announced in 2018. Car and SUV tyre manufacturing were moved to newer facilities in the company’s manufacturing footprint, such as its plant in Serbia. The remaining functions of the site were the production of motorsport and motorcycle tyres, as well as the company’s Europe headquarters and Technical Center. The merger of Cooper and its new parent company The Goodyear Tire & Rubber Company was finalised in June 2021 following the announcement of its acquisition in February. Goodyear approved a plan to streamline its global administrative structure in the second quarter of 2022.

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Related news:

  1. Cooper announces plan to end light vehicle tyre production at Melksham
  2. Cooper Melksham cutback plans to proceed after consultation ends
  3. Goodyear Dunlop Tyres UK MD on proposed closure of Wolverhampton plant
  4. Cooper Tire Europe restarting manufacturing in Melksham
13th October 2022/by Andrew

New Cooper control tyre for electrified Rallycross

Motorsport

Cooper Tires says it is “excited” to continue its partnership as the exclusive supplier for the FIA World Rallycross Championship in 2022. The championship returns this season with a major difference – the cars are now fully electric – and Cooper Tires has collaborated with the championship and teams to develop a standard tyre that “not only performs well across tarmac and gravel but is also suited to the unique demands of a high-performance electric powertrain.”

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Related news:

  1. Cooper official tyre partner to RX Academy
  2. World RX & Euro RX on Cooper tyres through to 2023
  3. Cooper Tires becomes title sponsor, supplier of RallyX on Ice
  4. Cooper tyres now an official BRC option
11th August 2022/by Stephen

Cooper introduces Evolution Van All Season

Product News

Cooper Tire Europe has launched a new product for van drivers. Called the Cooper Evolution Van All Season, the tyre is approved for year-round usage in countries with seasonal tyre regulations and bears the 3PMSF snowflake within a three-peaked mountain logo on the sidewall as evidence of this.

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Related news:

  1. AutoZum debut for Vredestein Comtrac 2
  2. Cooper launches all-season tyre for SUVs and pick-ups
  3. New Hankook all-season, winter van tyres
  4. Nexen unveils all-season van tyre
14th January 2022/by Stephen

Price mix contributed more to Goodyear EMEA 3Q figures than Cooper Tire sales

Company News, International News
Goodyear

The completion of Goodyear’s takeover of Cooper on 7 June this year brought with it the first indications of the scale of Cooper’s sales in the Europe Middle East and Africa (EMEA) market. Before that point, Cooper only reported sales figures for their “International Tire Operations”, which includes sales generated worldwide outside EMEA.

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Related news:

  1. Cooper Tire joins the Goodyear team
  2. Integration on-track: Goodyear reports 16% growth plus greater synergies from Cooper Tire acquisition
  3. Goodyear set to buy Cooper Tire for US$2.5 billion
  4. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
23rd November 2021/by Arno Borchers

Integration on-track: Goodyear reports 16% growth plus greater synergies from Cooper Tire acquisition

Company News, International News
Goodyear

The Goodyear Tire & Rubber Company has published figures that show its third-quarter 2021 sales were $4.9 billion, up 42 per cent compared with a year ago. Of course, much of this increase was driven by the company’s acquisition of Cooper Tire, but growth still came in at 16 per cent with the benefits of the Cooper merger excluded. At the same time, Goodyear executives also reported that the company now expects circa 50 per cent greater Cooper merger-related synergies than before. Specifically, this means a benefit of $250 million in run-rate synergies by mid-2023 up from an initial forecast of $165 million. And what’s more, the company expects to realize approximately $20 million of these savings in 2021. No estimates for 2022 synergies are being released until at least the end of 2021 and more likely February 2022 when full-year 2021 data has been processed.

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Related news:

  1. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
  2. Cooper shareholders approve Goodyear merger
  3. Cooper Tire joins the Goodyear team
  4. Price mix contributed more to Goodyear EMEA 3Q figures than Cooper Tire sales
5th November 2021/by Chris

Mickey Thompson, Cooper give Goodyear SEMA award, podium places

International News, Product News

Mickey Thompson’s Baja Legend EXP off-road have claimed 2021 Specialty Equipment Market Association (SEMA) Show Best New Product Awards in the Tire and Related Product category. Mickey Thompson’s ET Street Front drag tyre and Cooper Tire’s Discoverer Snow Claw were also named runners-up.

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Related news:

  1. SEMA award win for Continental, Cooper voted runner-up
  2. Cooper Tire’s Evolution H/T wins SEMA new product award
  3. Cooper’s newly-enlarged tyre and vehicle test centre features enhanced 4×4 capabilities
  4. Ford honours tyremakers Goodyear and Maxxis at World Excellence Awards
4th November 2021/by Andrew

Cooper partners Goodwood Members’ Meeting for Rally Sprint

Motorsport, UK News

Cooper Tire Europe has presented a unique Rally Sprint event at the 78th Goodwood Members’ Meeting in a new partnership. Delayed since March 2020, the eagerly awaited Members’ Meeting took place on 16-17 October. The Goodwood Rally Sprint Presented by Cooper Tires showcased Cooper’s rallying heritage with a spectacular selection of World Rally Championship (WRC) machinery. It is currently a supplier to the North American Rally Championship and the Mobil Rally Chile, as well as being the sole tyre supplier to the FIA World Rallycross Championship and the sister FIA European Rallycross Championship.  

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Related news:

  1. Cooper Tires British Formula Three Series Starts Easter Weekend
  2. Dmack launches UK-made gravel tyre range
  3. Cooper headline sponsor of European rally car show, Rallyday
  4. Michelin signs five-year official tyre partnership with Goodwood
20th October 2021/by Andrew

Van Wessum becomes Goodyear consumer sales general manager UK & Ireland

Career Tracks, Company News, International News, UK News
Goodyear

Goodyear has announced the appointment of Jaap van Wessum as Goodyear sales general manager Consumer UK & Ireland and Cooper Europe. Van Wessum will lead Consumer Sales within the UK & Ireland alongside leading the Cooper Europe business. He will also have responsibility for Goodyear’s legal entity within the UK and Ireland.

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Related news:

  1. Cooper Tire joins the Goodyear team
  2. Cooper announces plan to end light vehicle tyre production at Melksham
  3. Torque from the Top – Pravesh Amtha, recent sales general manager Consumer UK & Ireland at Goodyear
  4. Cooper Melksham cutback plans to proceed after consultation ends
15th September 2021/by Chris

Torque from the Top – Pravesh Amtha, recent sales general manager Consumer UK & Ireland at Goodyear

Company News, International News, UK News
Goodyear

One of the world’s largest tyre companies, Goodyear employs about 72,000 people and manufactures its products in 55 facilities in 23 countries around the world. Its two Innovation Centres in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. Recently, Goodyear completed the acquisition of Cooper Tire & Rubber, which is a great place to start this month’s Torque from the Top Q&As – an ongoing series of interviews with leading executives. Our interviewee this month is Pravesh Amtha, recent sales general manager Consumer UK & Ireland at Goodyear, who has now moved onto “an expanded leadership role managing a portfolio of strategic business projects across Goodyear’s EMEA business”.

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Related news:

  1. Van Wessum becomes Goodyear consumer sales general manager UK & Ireland
  2. Goodyear approached Cooper Tire regarding multi-billion-dollar acquisition
  3. Fitch rating affirmation partially affirms Goodyear Cooper acquisition strategic logic
  4. Cooper Tire joins the Goodyear team
15th September 2021/by Chris

Cooper Tire recalls certain Cooper and Hercules-branded tyres

International News, Product News

Cooper Tire & Rubber is recalling relatively small numbers of Cooper and Hercules-branded in the USA due to a problem with the DOT code and a potential belt separation issue respectively.

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Related news:

  1. Cooper Tire: More than 430,000 tyres recalled in USA
  2. North American recall for Continental, Cooper tyre lines
  3. Cooper recalls 1,983 Cooper and Mastercraft tyres
  4. Hankook: UK/Europe unaffected by US OE tyre recall
13th September 2021/by Chris

Goodyear sales significantly up after Cooper merger completed

Company News

Goodyear has increased operating income considerably in the second quarter of 2021, thanks in part to its merger with Cooper Tire, completed on 7 June. Net income totalled $67 million (£48.45 million at today’s exchange rate $1.00 = £0.72) versus a loss of $696 million (£503 million). Second-quarter sales were $4 billion (£2.89 billion), a rise of 86 per cent versus the second quarter of 2020, which was heavily affected by the Covid-19 pandemic. In the year to date, Goodyear has sold 40 per cent more tyres than in the same period of 2020, with both replacement tyres (41 per cent) and original equipment tyres (39 per cent) assisting in this rise. Cooper sales between the merger completion date and 30 June (the end of the second quarter) totalled $256 million (£185 million). This figure excludes calculations relating to Cooper inventory and assets.

Read more

Related news:

  1. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
  2. Goodyear gives Ryan Patterson responsibility for Cooper integration
  3. Goodyear-Cooper takeover gains Chinese antitrust approval
  4. Goodyear launches private offering to raise funds for Cooper Tire acquisition
10th August 2021/by Andrew

Michelin top, Conti moves up to 3rd – all change at the top of the 2021 Leading Tyre Companies table

Company News, International News, Premium
Andrea Piacquadio; Pexels

While the world is still adjusting to the repercussions of the Covid-19 pandemic, there has been no small measure of disruption in the standings of the world’s leading tyre manufacturers, according to our latest top 25 table. Six of the top 10 have changed places this time round, with the headline news being that Michelin has regained pole position after several years of having Bridgestone in first place. At the same time, Continental has stepped up into third position, leapfrogging the previous incumbent Goodyear.

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Related news:

  1. Top tyre manufacturers deny involvement in tyre test manipulation
  2. Giti enters the top 10 of leading tyre manufacturers
  3. Brand Finance: Michelin most valuable and strongest tyre brand
  4. Decennial shift in global PCLT tyre volume market share
17th June 2021/by Chris
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