Cooper Tire & Rubber Co. has entered into a multi-year manufacturing agreement with Sailun Vietnam Co. Ltd. to produce truck and bus radial (TBR) tires.
Cooper Tire & Rubber Co. cites an 18% reduction in energy usage in the production of tires as evidence of progress in its sustainability initiatives.
Cooper Tire & Rubber Co. posted net income of $69.3 million on net sales of $783.9 million for its fourth quarter ended Dec. 31, 2016. That compares to income of $59.2 million on sales of $775.5 million for the same period in 2015.
Cooper Tire & Rubber Co.’s president and chief executive officer will participate in the Deutsche Bank 2017 Global Auto Industry Conference on Jan. 11.
Cooper Tire & Rubber Co. has completed its $93 million purchase of a 65% interest in China-based Qingdao Ge Rui Da Rubber Co. Ltd.
As the federal government considers additional duties on truck, bus, and radial (TBR) tires from China, Cooper Tire & Rubber Co. does not believe the domestic supply of tires will be enough to meet the demand for TBR tires in the U.S. in the near term.
Cooper Tire & Rubber Co. posted net income of $71.3 million on net sales of $740.3 million for the second quarter of 2016. That compares to income of $60.4 million on sales of $751.8 million for the same period the previous year.
Two of Cooper Tire & Rubber Co.’s top executives will participate in the J.P. Morgan Auto Conference on August 9, 2016.
Roy Armes, chairman, CEO and president of Cooper Tire & Rubber Co., intends to retire effective Aug. 31, 2016.
For $93 million, Cooper Tire & Rubber Co. once again has guaranteed Chinese radial truck tire production earmarked for the U.S.
Cooper Tire & Rubber Co., a $3.4 billion global tire design, manufacturing and marketing company, and Fate S.A.I.C.I., the leading Argentine tire manufacturer and a global exporter, have signed a letter of intent (LOI) to work together.
Tariffs on passenger and light truck tires imported from China are final, but with yet another twist. The U.S. Department of Commerce (DOC) has amended some of the rates — again — affecting more than 60 manufacturers.
Cooper Tire & Rubber Co. is working to make its brand known in China, and its latest venture is a set of retail stores developed in partnership with existing tire dealers. The fourth Cooper Superfeel Center opened in July, and two more are to open by the end of 2015.