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Cooper Completes Purchase of Chengshan

(Akron/Tire Review) Cooper Tire & Rubber Co. has officially completed its acquisition of 51% of Cooper Chengshan (Shandong) Passenger Tire Co. Ltd. and Cooper Chengshan (Shandong) Tire Company Ltd.

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Last October, Cooper announced its intent to purchase what is China’s third largest tiremaker, which posted 2005 sales estimated at $500 million. The deal also includes 25% ownership in a steel cord factory located adjacent to Chengshan’s tire manufacturing facility in Rongchen City, Shandong, China.

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Cooper said the Chinese facilities will continue producing passenger and light truck/SUV radials and radial medium truck tires for the domestic and export markets.

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