Retail

Cooper: Chinese partner will provide data

Posted on January 14, 2014

Cooper Tire & Rubber Co. announced its Chinese joint venture partner, Cooper Chengshan (Shandong) Tire (CCT), will begin to provide financial and operational information needed to meet federal financial reporting requirements.

The plant produces TBR, farm, OTR, passenger and light truck tires. Brands include Dean, Chanshan, Starfire, Aunstone and Fortune.

Cooper says it has “continued work with the joint venture partner and labor union at CCT to restore normal operations as soon as possible.

"Last week, CCT began to ramp up production of Cooper brand tires. We have now received word that CCT will begin the process of entering past and current financial and operational data into company computer systems. Cooper will monitor the data entry to assure that it is taking place properly and that it will continue without interruption.

“While this represents a positive step toward Cooper restoring regular financial reporting, the company continues to work with the labor union and joint venture partner to resolve open issues on a long-term basis. Therefore, at this time, it is premature for Cooper to determine when it will resume regular financial reporting.”

For recent news on about Cooper see:

Cooper clarifies production status at China plant

Related Topics: Chinese partner, Cooper Chengshan (Shandong) Tire (CCT), Cooper Tire & Rubber Co.

Comments ( 0 )
More Stories
News

NCTDA to Honor Dealers at 2017 Expo

The North Carolina Tire Dealers Association (NCTDA) will honor its 2017 Dealer of the Year and induct two new members into its Hall of Fame.

News

Discount Tire Expands in Houston Metropolitan Area

Discount Tire has added a store in Sugar Land, Texas. It is the third Discount Tire outlet in Sugar Land, which is part of the Houston metropolitan area, and the 12th location in Fort Bend County.

News

Denso Expands TPMS Sensor Coverage

Denso Products and Services Americas Inc. has added 14 part numbers to its selection of First Time Fit tire pressure monitoring system (TPMS) sensors. The new part numbers add coverage for more than 10 million European and Korean vehicles.

News

Goodyear Declares 21st Straight Dividend

Directors of Goodyear Tire & Rubber Co. have declared a quarterly dividend of 10 cents per share of common stock. The dividend is payable March 1, 2017, to shareholders of record on Feb. 1, 2017.

News

Hotwire Will Return After MLK Holiday

Due to the Martin Luther King Jr. holiday, Modern Tire Dealer will not publish Hotwire on Monday. Look for the next edition on Tuesday, Jan. 17.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!