Cooper Tire Asia has formally opened its new Asia Technical Center (ATC) in Kunshan, China, which is also the site of the Cooper Kunshan Tire (CKT) manufacturing plant, approximately 30 miles from Shanghai. The 54,000-square foot ATC was relocated to Kunshan from Shanghai to a new facility constructed specifically for Cooper’s research and development activities […]
Cooper Tire & Rubber Company (NYSE: CTB) has reported that in the first quarter of 2014 net sales were $796 million, a decrease of $65 million compared with the same period a year ago. Operating profit for the quarter was also down, $81 million, which is $16 million lower than the first quarter of 2013 […]
Cooper Tire & Rubber Company (NYSE: CTB) has reported results for the fourth quarter and full year 2013, with fourth quarter net sales at $861 million, a decrease of $201 million, or 19%, compared with the same period a year ago. For the year ended Dec. 31, 2013, the company reported net sales of $3.4 billion, […]
Cooper Tire & Rubber Company (NYSE: CTB) has reported net sales for the third quarter of 2013 were $832 million, a decrease of $263 million compared with the same period in 2012. Operating profit for the third quarter was $28 million, which is $102 million lower than the same period in 2012 and 3.4% of […]
Cooper Tire & Rubber Company (NYSE:CTB) has announced that it has terminated the merger agreement with Apollo Tyres (NSE:ApolloTYRE). “It is time to move our business forward,” said Cooper Chairman, Chief Executive Officer and President Roy Armes. “While the strategic rationale for a business combination with Apollo is compelling, it is clear that the merger […]
To meet winter driving requirements, Cooper Tire has added three winter performance products – the WM-SA2, Weather-Master Snow, and Discoverer M+S Sport – to its existing winter tire lineup for retailers throughout North America. The tires suit a wide range of vehicles ranging from performance passenger car to sport utility applications. Making their debut with […]
