Well, that didn’t take long. Tyres & Accessories is reporting that former Cooper Tire & Rubber Co. partner Chengshan Group has already struck another joint venture tire deal.
Prinx Chengshan (Shandong) Tire Co. Ltd. was formed with Prairie Investment Co. It was not immediately clear what the new JV would produce, or if Chengshan Group was merely looking for additional investment.
The new joint venture was introduced at last week’s Reifen China 2014 in Shanghai.