Connect with us

News

Cooper Updates Status of Financial and Operational Data at Chinese Joint Venture

Advertisement

Cooper Tire & Rubber Co. issued the following statement regarding the status of financial and operational data entry at its Cooper Chengshan (Shandong) Tire (CCT) joint venture facility in Rongcheng, China:

Click Here to Read More
Advertisement

"Cooper has continued to work with the joint venture partner and labor union at CCT to restore normal operations as soon as possible. Last week, CCT began to ramp up production of Cooper brand tires. We have now received word that CCT will begin the process of entering past and current financial and operational data into company computer systems. Cooper will monitor the data entry to assure that it is taking place properly and that it will continue without interruption. While this represents a positive step toward Cooper restoring regular financial reporting, the company continues to work with the labor union and joint venture partner to resolve open issues on a long-term basis. Therefore, at this time, it is premature for Cooper to determine when it will resume regular financial reporting.”

Advertisement
Click to comment

POPULAR POSTS

RoboTire-tire-changer-demo RoboTire-tire-changer-demo

News

RoboTire Shows Off Tire Changing Technology at SEMA Show 2021

News

Vredestein Pinza A/T Debuts at Times Square

News

How RoboTire Aims To Transform the Tire Industry

Sema-Continental 1400 Sema-Continental 1400

News

Mickey Thompson, Cooper Brands Win at SEMA New Product Awards

Connect
Tire Review Magazine