Cooper Tire Breaks Ground on Mississippi Distribution Center

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Cooper Tire & Rubber Co. recently broke ground on its distribution center in a business park that straddles the Tennessee-Mississippi border, according to The South Reporter.

At the groundbreaking, Mississippi Gov. Phil Bryant joined Cooper’s Bob Sager, the company’s director of North American supply chain, as well as other development officials in excitement about Cooper’s investment in the state.

Read the source article at Tire Review

Cooper Tire Announces Offtake Agreement With Sailun Vietnam For Production Of TBR Tires

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Cooper Tire & Rubber Co. has entered into a multi-year manufacturing offtake agreement with Sailun Vietnam Co. Ltd. for the production of truck and bus radial (TBR) tires for global markets. The offtake agreement gives Cooper a third global source of TBR tire production to meet growing customer needs. Tires will be manufactured under the Roadmaster, Dean and Starfire brands.

Read the source article at Aftermarket News

Michael Lutz named Cooper Tire DACH general manager

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Cooper Tire & Rubber Company Europe Ltd. has appointed Michael Lutz as general manager for the German, Swiss and Austrian region (DACH). He is based at Cooper’s sales office in Dreieich, Germany and will report to Jaap van Wessum, sales director – Europe Tire Operations.

Read the source article at Tyrepress

4 tire makers earn global ‘Good Design’ awards

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ATHENS, Greece — The Chicago Athenaeum Museum of Architecture and Design has honored tires from Cooper Tire & Rubber Co., Federal Corp., Group Michelin and Nexen Tire Corp. with “Good Design” awards.

Read the source article at Tire Business

Cooper Tire Names New Plant Manager

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Cooper Tire & Rubber Company has named Jim Pritchett as plant manager of its tire manufacturing facility in Tupelo, Miss., effective immediately.

Pritchett is responsible for directing all plant operations with a focus on manufacturing excellence including safety, product quality, manufacturing, equipment reliability, efficiency, sustainability, process improvement and standardization.

Read the source article at Tire Review

Cooper Tire & Rubber Company Reports Third Quarter 2017 Results; Management Updates Guidance

FINDLAY, Ohio- Cooper Tire & Rubber Company (NYSE:CTB) today reported third quarter 2017 net income of $62 million, or diluted earnings per share of $1.18, compared with $49 million, or $0.90 per share, last year. The quarter included a $39 million benefit from lower product liability costs. For comparison purposes, the third quarter of 2016 included a non-cash pension settlement charge of $11.5 million related to the lump-sum distribution of benefits offered to certain former employees.

Read the source article at businesswire.com

Cooper Tire’s Evolution H/T earns new Product Award

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Cooper Tire’s new Evolution H/T was named a New Product Award winner in the tire and related product category at the Specialty Equipment Market Association show in Las Vegas.

Recognizing outstanding achievements in the development of products being introduced to the automotive specialty equipment market, the new product awards competition considered nearly 3,000 products in 16 categories.

Read the source article at Traction News

Cooper unveils new Evolution Tire line

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Cooper Tire is inviting attendees at the SEMA Show in Las Vegas to experience “The Start of an Evolution” with the unveiling of its new Evolution tire line beginning today in booth #43019. The line, which includes the previously released Evolution H/T™ as well as the soon-to-be-available Evolution Tour™ and Evolution Winter™ tires, offers consumers the performance, handling and durability synonymous with Cooper at a mid-tier price point in the Cooper portfolio.

Read the source article at Traction News

Cooper Tire & Rubber posts Q3 2017 results

Cooper Tire & Rubber Company has reported a net income of US$62 million (diluted earnings per share of $1.18) for the third quarter of 2017, up 26.5 per cent from a year earlier.

Read the source article at Tyrepress

Cooper Tire Execs to Present at High-Level Conferences

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Financial executives with Cooper Tire & Rubber Company have been tapped to present at upcoming financial symposiums.

Senior Vice President and Chief Financial Officer Ginger Jones will present at the Baird 2017 Global Industrial Conference on Nov. 9 at 1 p.m. CST.

Vice President and Treasurer Tom Lause will present at Gabelli & Company’s 41st Annual Automotive Aftermarket Symposium on Oct. 31 at 10 a.m. PDT.

Read the source article at Tire Review