Cooper suffers double-digit earnings decline

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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.

Read the source article at European Rubber Journal

Cooper Tire’s Tread Wisely Program Encourages Prom Auto Safety

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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.

Read the source article at Tire Review

Global Cloud PBX Market Research Report- Forecast to 2023

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….

Read the source article at PR Newswire

Cooper adds new winter tire in its Mastercraft tire range

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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.

Read the source article at Traction News

Cooper Tire’s Manager of Tire Testing Receives Patriot Award

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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.

Read the source article at Tire Review

Cooper Tire & Rubber Company Names Christopher Ball President, North America Tire Operations; Phil Kortokrax Promoted to Senior Vice President,…

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.

Read the source article at Stock Market Quotes and News

The Manufacturing Institute Honors Cooper Tire’s Anne Roman With 2018 STEP Ahead Award

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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.

Read the source article at Aftermarket News

Cooper Tire & Rubber Co. Names Christopher Ball President, North America Tire Operations

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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.

Read the source article at Aftermarket News

Cooper Tire: Earnings affected by tax reform in 2017

Cooper Tire & Rubber Company has reported full year 2017 net income of US$95 million, or diluted earnings per share of $1.81, a 61.7 reduction on the $248 million earned the year before. Income was affected by tax reform in the USA; the tyre maker states that excluding these discrete tax items, earnings per share would have amounted to $3.10.

Read the source article at Tyrepress

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