FINDLAY, Ohio –(BUSINESS WIRE)–Feb. 8, 2019– February 12 marks the 210 th anniversary of Abraham Lincoln’s birth. America’s sixteenth president, Lincoln is memorialized on Mount Rushmore , Washington D.C.’s Lincoln Memorial and on the U.S. penny. While a penny may be worth one cent in currency, when it comes to tire safety the value of a penny can be much more.
Global low rolling resistance tires market was valued at USD 60.5 Billion in 2017 and growing at a CAGR of 12.3% in the forecast period of 2018 and 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Segmentation: Global Low Rolling Resistance Tires Market
The global low rolling resistance tire market is segmented based on type, application, end user application and geography.
Based on type, the market is
Cooper Tire & Rubber Company Europe is moving forward with plans to cease light vehicle tire production at its Melksham, UK, facility.
The collective consultation process with employee representatives at the facility, which began in October 2018, has concluded and it is expected that light vehicle tire production will be phased out over a period of approximately 10 months.
Melksham, UK — Trade union Unite has blamed ‘cheap Chinese tire imports’ for Cooper Tire & Rubber Co.’s decision to end most of the tire production at its Melksham plant.
Cooper Tire confirmed 18 Jan that it will phase out passenger car and light vehicle tire production, with the loss of 312 jobs.
The announcement came four months after the US tire maker notified workers about proposed closures at the former Avon Tyres plant.
CHICAGO — The Chicago Athenaeum Museum of Architecture and Design has presented Cooper Tire & Rubber Co., Federal Tyre Jiangxi Co. Ltd., Nexen Tire Corp. and Yokohama Rubber Co. Ltd. with “Good Design” awards, which recognize “cutting-edge” industrial, product and graphic designs.
The Chicago Museum presents its Good Design awards annually in cooperation with the European Centre for Architecture, Art, Design and Urban Studies for their design excellence.
Cooper Tire announced that it has agreed to form a joint venture with Sailun Vietnam to build a manufacturing plant with the capacity to produce more than 2 million truck and bus radial (TBR) tires annually.
The facility will be located near Ho Chi Minh City, Vietnam, at the site of Sailun Vietnam’s existing operations. Cooper will own 35 percent of the new venture.
NIAGARA FALLS, Ontario — The Tire Industry Project (TIP) — a collaborative effort involving 11 tire industry CEOs to identify and address the potential human health and environmental impacts of tires throughout their life cycle — is well on its way to meeting its objectives.
This was the message of Kimm Jarden, a principal sustainability specialist at Goodyear, in her presentation at the 2018 Rubber Recycling Symposium in Niagara Falls Nov. 7-8.
Goodyear, Bridgestone Corp. and Group Michelin are co-chairs of the TIP, which was founded in 2005 under the aegis of Geneva, Switzerland-based World Business Council for Sustainable Development, Ms. Jarden said.
Cooper Tire & Rubber Company is to form a joint venture with Sailun Vietnam Co, Ltd to build a 2 million capacity truck and bus radial manufacturing plant. Subject to closing and government approvals, the facility will be located near Ho Chi Minh City, Vietnam, at the site of Sailun Vietnam’s existing operations, which early in 2018 signed an offtake agreement to produce Roadmaster, Dean and Starfire brand tyres for Cooper.
FINDLAY, Ohio—Cooper Tire & Rubber Co. has appointed Christopher Eperjesy as its chief financial officer.
The firm said he brings three decades of leadership in finance positions of increasing responsibility across a diverse set of public and private companies in the technology, retail and automotive industries.
LAS VEGAS — Cooper Tire & Rubber Co. and Continental Tire the Americas took home top honors for new tire category products at the 2018 Specialty Equipment Market Association Show.