Cooper Tire & Rubber Co. has its eyes on growth in Latin America, and has established a sales office in São Paulo, Brazil, under the leadership of Durval Amaral, Cooper's general manager in Brazil.
Titan International Inc. Chairman and CEO Maurice Taylor has revised the company's goals upward. He will discuss the revised goals -- and outlook for 2011 -- in a conference call on Monday, May 23, 2011.
Sumitomo Rubber Industries Ltd. has announced plans to establish a subsidiary in Brazil. The company plans to invest approximately 560 million real ($342 million) in the project.
Goodyear Tire & Rubber Co. has completed the previously announced sale of its Latin American farm tire business to Titan Tire Corp., a subsidiary of Titan International Inc.
In retaliation for the way the United States has treated its cotton exports, the Brazilian government has raised import duties on an extensive list of goods, including tires. And the World Trade Organization (WTO) has authorized the sanctions, which could total as much as $829 million.