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Bridgestone to develop guayule-based rubber

Only a week after Cooper Tire & Rubber stated it will partner with Yulex Corporation on the development and evaluation of guayule as a source of natural rubber, Bridgestone Corporation has announced plans of its own to develop the plant into a commercially viable alternative to the hevea tree. The research project will be conducted in the United States as a joint collaboration between Bridgestone Corporation and Bridgestone Americas Tire Operations; the Japanese parent company will provide funding and strategic input, while the American subsidiary will be responsible for finding the suitable location and operating the pilot farm and process research facility. Bridgestone Americas Tire Operations will also leverage the resources of the Bridgestone Americas Center for Research and Technology and its Akron Technical Center to provide technical and research expertise.

9th March 2012/by Tyrepress Editors

Goodyear declares quarterly dividend

The Goodyear Tire & Rubber Company has declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock. The payout represents an annual rate of $2.9375 per share.

7th March 2012/by Tyrepress Editors

Cooper to partner in plant based rubber project

Parthenium argentatum, or guayule, is a flowering shrub native to the southwestern United States and northern Mexico, and can be used as an alternative source of latex. It is precisely this quality that has piqued the interest of Cooper Tire & Rubber. The tyre maker has looked into alternative latex sources for a couple of years now and on 29 February it announced having entered into an agreement with Yulex Corporation to jointly evaluate and develop guayule polymers and resins for tyre applications.

1st March 2012/by Tyrepress Editors

Update – Cooper Findlay labour agreement ratified

Almost three months to the day after the announcement of a lockout at Cooper Tire & Rubber’s Findlay factory in the US state of Ohio, agreement on a new labour agreement has been reached by the tyre maker and the United Steelworkers union. On 27 February Cooper announced that USW Local 207L has ratified a five-year agreement that covers some 1,050 union members at the Findlay plant. Union members voted 627 to 321 in favour of the agreement.

28th February 2012/by Tyrepress Editors

Cooper's Findlay workers consider 5-year contract

Union workers at Cooper Tire & Rubber Co’s plant in Findlay, Ohio, go to the ballot box today to consider a new five-year contract offer that could end the now three-month long lock out at the plant, reports Tire Review. But according to reports in the Findlay Courier this morning, some USW Local 207 members feel it will be a close vote, even though its 1,050 members have been without a paycheck since November 2011.

27th February 2012/by Tyrepress Editors

Cooper posts higher sales, profits for 2011

Even as it tries to resolve a three-month lock out at its hometown Findlay, Ohio, plant, Cooper Tire & Rubber Co reported full-year 2011 net profit of $269.6 million against sales of $3.9 billion, Tire Review reports. The sales results were an improvement of $566 million, or 17 per cent, from 2010, while the net profit mark was up significantly from 2010’s $163.9 million.

27th February 2012/by Tyrepress Editors

Cooper workers agree second tentative contract

90 days after they were locked out of their jobs, workers at the Cooper Tire & Rubber Co. plant in Findlay, Ohio, have reached a second tentative contract with the tyre-maker, Tire Review reports. The agreement, which will be put to a ratification vote this weekend, was reached late on 23 February. The two sides had returned to the bargaining table on 20 February and have held lengthy sessions on each day since.

24th February 2012/by Tyrepress Editors

Avon signs 3-year Euro and Dutch GT4 series exclusive supply deal

Cooper Tire & Rubber Company Europe’s Avon Tyres will be the official tyre supplier to the European GT4 Cup and Dutch GT4 Championship for the next three years. Avon has ramped up its GT tyre products since its introduction into the British GT Championship in 2006, and the brand’s representatives say the latest contract shows its boosted reputation as a “world class supplier” of the product. All tyres for both championships will be manufactured in the UK at Avon Tyres Motorsport’s headquarters in Melksham, Wiltshire.

23rd February 2012/by Tyrepress Editors

Deals reached between Cooper, unions

No need for undue excitement. An agreement has been ratified between Cooper Tire & Rubber and workers based in Findlay, Ohio – but they aren’t the locked-out workers embroiled in the fracas oft reported by Tyrepress.com over the past couple of months. The three-year contract with the US tyre maker involves truck drivers represented by the Teamsters union. Final approval of the new contract was given on 18 February.

21st February 2012/by Tyrepress Editors

Pirelli launches MINI Challenge supply

Pirelli has supplied its first MINI Challenge event at the MotorSport Vision Racing Media Day. Hosted by Brands Hatch on Tuesday, former MINI Challenge champion Lee Allen in a Pirelli-branded MINI John Cooper Works among others demonstrated the tyres to gathered media representatives. For the Challenge’s drivers, this was the first chance to try out the new Pirelli tyres, and thanks to damp morning conditions were able to sample both the Pirelli 225/625-17 WH wet tyre and the 225/625-17 DH slick tyre; the latter used as the track dried out in the afternoon. There are two classes within the MINI Challenge: the turbocharged JCW class and the Club class. The Pirelli RX5 15” intermediate tyre is also used for the less powerful Club class. The first round of the championship takes place at Silverstone on 14 April.

17th February 2012/by Tyrepress Editors

Cooper workers to participate in ‘justice’ road trip

The lockout at Cooper Tire & Rubber’s Findlay plant in the US state of Ohio has been in effect for almost three months now. And while the tyre maker is keeping quiet about how or even if it plans to reach a mutually acceptable agreement with the United Steelworkers union, the situation is being kept in the public eye by the union. On 15 February the USW announced a joint project with the Bakery, Confectionery, Tobacco Workers, and Grain Millers International Union (BCTGM). Called “From Fargo to Findlay: A Journey for Justice”, the project involves locked out workers from Findlay and a BCTGM represented factory embarking on a road trip from Fargo, North Dakota (where the aforementioned factory is located) to Findlay. The USW says the road trip’s aim is to “focus attention on the most recent wave of greed-motivated corporate attacks on workers and their unions.”

16th February 2012/by Tyrepress Editors

British artists create exhibition from Cooper tyres

Four British artists chosen in partnership by Cooper Tire Europe and the UK’s leading art store, Castle Galleries, have created visual artworks starting with tyres as effective canvasses. Based on three themes relevant to Cooper Avon products and their motorsport heritage, the artists spent 257 man hours crafting the pieces, which will be displayed at Artica Galleries, South Molton Street, London until 17 February 2012.

14th February 2012/by Tyrepress Editors

Avon deploys new tyre for British GT Championship

The Avon brand, manufactured by Cooper Tire & Rubber Company Europe Ltd, has unveiled the fourth generation of its GT racing tyre since it took over as sole supplier and title sponsor of the series in 2006. Avon Tyres Motorsport technical manager, Mike Lynch, believes the new tyre will be around a second quicker than its predecessor around most circuits on the British GT calendar but, importantly, will also be durable enough for teams to use strategies demanding longer stints.

10th February 2012/by Tyrepress Editors

Cooper Findlay talks break down – again

Recently resumed talks over a new contract for Cooper Tire & Rubber’s Findlay plant in Ohio have already stalled, local media sources report. Representatives from the tyre maker and the United Steelworkers union only began negotiations again on 6 February, yet a union official told the Coshcoton Tribune that they’ve already stalled.

8th February 2012/by Tyrepress Editors

Talking again – Cooper, USW restart Findlay discussions

It’s been a good six or seven weeks since the Findlay talks between Cooper Tire & Rubber and the United Steelworkers union broke down, and no positive news has been heard on the subject since the start of the year. Now it seems the two parties are finally working again towards an amicable solution. Local news source WTOL reports that Cooper Tire management met with union leaders on 6 February; discussions between the tyre maker and the union are said to have lasted some six and a half hours, and meetings are scheduled to resume this morning.

7th February 2012/by Tyrepress Editors