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.
Cooper Tire is showcasing its new Cooper Discoverer AT3 Lineup at the SEMA Show from October 30 to Nov 2 at the Las Vegas Convention Center.
The new Cooper Discoverer AT3™ lineup encourages SEMA attendees to take on the road and what lies beyond with three distinct all-season, all-terrain tires for SUVs and pick-up trucks. The Discoverer AT3 family of tires includes:
Cooper Tire & Rubber Co. has reported third quarter 2018 net income of $54 million, or diluted earnings per share of $1.07, compared with $62 million, or $1.18 per share, for the same period last year.
“Unit volume in the U.S. improved in the third quarter and outpaced the USTMA. We ended the quarter on an encouraging note, with U.S. unit volume that outperformed both the USTMA and total industry in the month of September,” said Brad Hughes, president and CEO.
AKRON — Bridgestone Americas Tire Operations and Cooper Tire & Rubber Co. plan to increase replacement market prices Oct. 1 on passenger and light truck tires sold in the U.S.
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.