Cooper Investing $2M to Expand Tupelo Plant
Cooper Tire & Rubber Co. plans to invest nearly $2 million to expand its plant in Tupelo, Miss., according to media reports. The expansion news trails Cooper announcing its first half financial results. According to media reports, the expansion project will add 14,000 square feet to the southeast side of the facility to make room for new equipment. The
Cooper Reports 1H Results
Cooper Tire & Rubber Co. reported 2015 first half net sales are down year-over-year, but the tiremaker’s net income is up. Net sales for the first half of 2015 were roughly $1.41 billion compared to $1.68 billion in 2014. However, net income was up in the first half of 2015 to $102.6 million versus just
Cooper Releases 2014 Global Sustainability Report
Cooper Tire & Rubber Co. released its third annual corporate social responsibility and sustainability report, “Responsibility the Cooper Way,” for 2014. The report offers information including Cooper’s energy usage, water usage intensity, landfill usage intensity, materiality assessment, sustainable tire innovation and employee safety excellence system. “As we begin our second century in the tire business,
Cooper Sponsors Youth Education, Golf Program
Cooper is sponsoring the First Tee Training Center and its establishment of the First Tee Cooper Tire Training Center at Red Hawk Run Golf Club in Findlay, Ohio. First Tee Training Center is a northwest Ohio and southeast Michigan nonprofit that provides educational programs and promotes values through golf for kids between six and 18
Cooper Expanding Sales, Service Centers in China
Cooper Tire & Rubber Co. has opened four new Cooper Superfeel Centers in China, located in Shanghai, Beijing, Shandong and Chengdu. Cooper Superfeel Centers range from 3,000 to 5,000 square feet and feature interactive displays and large format video screens. The centers offer a large selection of tires for passenger cars, SUVs and other vehicles,
Class Action Suit Against Cooper Dismissed
A Delaware judge, according to the Findlay Courier, has dismissed a class action lawsuit against Cooper Tire & Rubber Co. The lawsuit was originally filed in January 2014 on behalf of investors following the failed Apollo Tyres buyout. The lawsuit alleged Cooper violated the federal securities laws by issuing a series of materially misleading statements
Cooper Targets SUV/CUV
Cooper expanded its Discoverer SRX tire line with 30 more sizes to cover a broader application range. Designed to provide dependable all-season highway traction, superior handling, and a quiet, comfortable ride, the tiremaker said, the Discoverer SRX was initially introduced in six sizes in October 2014. “We’ve introduced 30 more sizes with more to follow
Cooper Introduces New Off Road Tire
The Off-Road Championship (TORC) series drivers and teams sponsored by Cooper Tire & Rubber Co. have used – and even achieved pole status – with Cooper’s Discoverer STT tire. So when the tiremaker introduced the STT Pro to media, the question was, “Why mess with something that’s not broken?” The tiremaker believes it has improved
Cooper Partners with NIADA
Cooper Tire & Rubber Co. is the National Independent Automobile Dealers Association’s latest National Member Benefit Partner. As part of the partnership, NIADA members are now eligible for Cooper Medallion and Mastercraft Club loyalty programs that have long been offered to tire dealers. “The new tire sales/service member benefit program will drive new sales and
Cooper Rewards Drivers in ‘Destination Summer Drive Event’
Cooper Tire is kicking off the summer season with a national consumer reward promotion. Now through July 15, the Destination Summer Drive Event offers consumers up to $70 back when purchasing a new set of four qualifying Cooper tires through participating dealers in the U.S., District of Columbia and Puerto Rico. Eligible products include: Adventurer
Cooper Awards Centennial Scholarships
Cooper Tire & Rubber Co. will award three students with the company’s first ever Cooper Centennial Scholarships. Instituted in 2014 to commemorate Cooper’s 100th anniversary, the scholarship is designed to help children of Cooper employees to continue their post-secondary education. Three students were selected from more than 30 national applicants, and will receive $1,000 each
Cooper Partners with Pro Driver for National Tire Safety Week
Cooper Tire & Rubber Co. is teaming up with professional racecar driver Arie Luyendyk during National Tire Safety Week, May 24-30. The campaign, “Know B4 U Go,” is designed to teach consumers about tire safety. In a campaign video, Luyendyk provides a brief tutorial on how to check tire pressure, tread depth, and condition before
