Cooper Tire & Rubber Record Figures

The year 1999 was very good for Cooper Tire & Rubber Co. Sales climbed to US$2.2 bn (+17%) and net income reached US$135.

5m which is 6.7% better than 1998. The year 1999 was very important for the US-company.

Cooper developed the plan ‘Cooper 21’ (for the 21st century) and made a lot of acquisitions. Amongst others, they purchased Standard Products. SP is mother company of the retreader Oliver.

In the field of technical rubber they acquired a division of Siebe Automotive and – not to forget – the creation of the alliance with Pirelli in which Cooper plays the role of sole distributor of Pirelli tyres in North America (Nafta). A spokesman for the company pointed out that the company was not only able to sell more tyres than before but also to improve the product mix. Cooper is growing faster than the market.