Cooper signs tech agreement with South Korean chemical company

Feb. 18, 2004

Cooper Tire & Rubber Co.'s operating group, Cooper-Standard Automotive, has signed a technical assistance agreement with Daekyung Chemical Corp. of South Korea.

Cooper-Standard's NVH Control Systems Division will provide design and engineering development support for engine mount systems on three future Hyundai and Kia vehicle platforms.

Cooper's stock was trading at $20.45 a share on Tuesday. That compares to a $52-week high of $23.36 and low of $11.84.