Findlay, Ohio — Cooper Tire & Rubber Co.’s operating income plummeted 61.1% year-on-year to $32.8 million on second-quarter sales down 3.1% to $698.4 million. Net income for the three months to 30 June fell 66.9% to $15 million, compared with the year-ago period.
The tire of the future will be round, probably black and more than likely pneumatic.
Beyond that, the variables in play—new materials, new manufacturing methods, changing vehicle designs and needs, etc.—present an evolving spider web of tire design parameters that put all design features, except round, into play.
To gain insight into how the tire industry perceives the tire of tomorrow, Rubber & Plastics News surveyed a handful of major tire makers, asking about a number of game-changing aspects of tire design.
Findlay, Ohio – Cooper Tire & Rubber Co. suffered double-digit drops in operating and net income for the quarter ended 31 March 31, reflecting lower unit volume and costs associated with reduced manufacturing, the company said.
Operating income dropped 54.4% to $26.5 million on 6.5-percent lower sales of $601.5 million, cutting the operating margin nearly five%age points to 4.4%. Net income fell 72.9% to $8.29 million.
With prom night coming up in high schools across the country, Cooper Tire’s Tread Wisely safety campaign is encouraging teens to get pumped for prom by performing three important tire safety checks before heading to the big dance.
Videos showing how to perform these three tire safety checks are available on the free Tread Wisely mobile app.
NEW YORK, April 17, 2018 /PRNewswire/ — Market Synopsis of Tubeless Tire Market: Globally, the market for Tubeless Tire is growing at a CAGR of 7.15% during the forecast period (2017-2023). The tubeless tire also known as inflated tires, does not require any inner tube inside the tire….
Cooper Tire’s newest addition to its Mastercraft line – the Mastercraft Glacier Trex is a winter tire designed for passenger cars and crossover vehicles.
The Mastercraft Glacier Trex is severe weather rated and offers superior braking and handling on snow and ice. The Glacier Trex is defined by its aggressive directional tread pattern that improves acceleration and braking on snow, while evacuating water to resist hydroplaning.
A Cooper Tire manager of tire testing recently received the Employer Support of the Guard and Reserve’s Patriot Award.
Dan Oates was nominated for the award by Ohio Army National Guard Sergeant Nolan Johnson, for his support of flexible schedules and his role with the Army National Guard as he managed training rotations and provided hurricane relief efforts in Puerto Rico, the Lima News reported.
Cooper Tire & Rubber Company Names Christopher Ball President , North America Tire Operations; Phil Kortokrax Promoted to Senior Vice President, Global Operations & Procurement By a News Reporter-Staff News Editor at Journal of Transportation — Christopher Ball has been named Senior Vice President of Cooper Tire & Rubber Company & President of North America Tire Operations (NATO) effective March 19 . He will report to Brad Hughes , President & Chief Executive Officer.
The Manufacturing Institute has recognized Anne Roman, vice president, communications and public affairs for Cooper Tire & Rubber Co., with a Women in Manufacturing STEP (Science, Technology, Engineering and Production) Ahead Award for 2018. Roman is among 130 women nationally who earned the honor this year from a field of hundreds of nominees.
Christopher Ball has been named senior vice president of Cooper Tire & Rubber Co. and president of North America Tire Operations (NATO), effective March 19. He will report to Brad Hughes, president and CEO. Ball assumes this role following the promotion of Phil Kortokrax to the position of senior vice president, global operations and procurement.