Cooper Extends Shutdown in U.S. and Mexico
Cooper Tire & Rubber Co. will keep its tire manufacturing plants in the U.S. and Mexico closed for at least another two weeks. Cooper's plants in Europe also remain shut down.
Cooper says it will continue to monitor the COVID-19 situation and market and "adjust timing as necessary."
The company says its plants in China "reopened several weeks ago and have continued to ramp up production and remain in operation.
"The company continues to monitor supply chain and product inventory levels, and believes it has sufficient supply of product."
Cooper's distribution centers in the U.S. remain operational.
"As coronavirus has continued to spread across the globe, Cooper has put in place measures to protect employees and meet the needs of all stakeholders including remote working when possible, social distancing, staggered schedules, additional cleaning and disinfecting of facilities, restricted visitor access and other necessary steps, all of which remain in effect."