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The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron

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Goodyear

Explaining the rationale behind Goodyear’s multi-billion dollar acquisition of Cooper Tire, executives said the combination offers “compelling strategic and financial benefits”. Specifically, they suggested the transaction “further strengthens Goodyear’s leading position in the US, while significantly growing its position in other North American markets.” With just two home-grown domestic tyremakers in the US (Goodyear and Cooper), that much is clear. However, the benefits of the announced merger are not limited to North America. In China, the combination will almost double Goodyear’s presence. According to Goodyear, it will also increase the Akron, Ohio-based tyremaker’s OE tyre supply position, while creating broader distribution for Cooper replacement tyres through Goodyear’s network of 2,500 branded retail stores.

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Goodyear set to buy Cooper Tire for US$2.5 billion

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The Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company have made “a definitive transaction agreement” that will see Goodyear buy Cooper for roughly $2.5 billion. The combined company will have approximately $17.5 billion in pro forma 2019 sales. Upon closing of the transaction, Goodyear shareholders will own approximately 84 per cent of the combined company, and Cooper shareholders will own approximately 16 per cent.

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Cooper Tire appoints T.J. Jordan to BoD

Cooper Tire & Rubber Company has named Tyrone Michael (T.J.) Jordan a director of the company, effective 10 January. Announcing Jordan’s appointment, board chairman John J. Holland said: “T.J. is an accomplished and forward-thinking senior executive with significant experience in the automotive industry. We look forward to leveraging his automotive industry and operations leadership experience as Cooper continues to execute its strategic priorities and works to meet consumer demand for high-quality Cooper tyres. We welcome T.J. to the board and look forward to his valuable counsel and insights.”

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Cooper recalls 1,983 Cooper and Mastercraft tyres

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Cooper

In the USA, Cooper Tire & Rubber Co. has issued notification to the National Highway Traffic Safety Administration (NHTSA) that it is recalling 1,983 Cooper CS5 Grand Touring and Mastercraft LSR Grand Touring tyres. The affected tyres are 225 55R17 products, with DOT codes 2920 through to 3220.

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  1. Continental recalls 12,000 car tyres in the US
  2. Cooper recalls certain Roadmaster RM852 tyres in the US
  3. Hankook issues sidewall cracking-related tyre recall in the US
  4. Vee Tyre light truck tyres recalled in the US
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Michelin and Pirelli lead in rubber sustainability – Context Group

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Context Group

Michelin and Pirelli are leading the way on tyre and rubber sustainability, according to a recent report from Context Group. Context’s ranking assessed 11 members of the Tire Industry Project (TIP), namely Bridgestone; Continental; Cooper; Goodyear; Hankook; Kumho; Michelin; Pirelli; Sumitomo Rubber; Toyo and Yokohama.

Context analysed the sustainability content on each company’s website to see if it included communications covering some of the main issues associated with the life cycle impacts of tyres, including the four focus areas of the TIP: tyre and road wear particles, sustainable natural rubber, end-of-life tyres and environmental performance. The researchers assessed how well the companies tell their sustainability story by looking at their use of multimedia, news articles and social media.

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Cooper appoints Fintyre as an exclusive distributor in Italy

Cooper

Cooper Tire Europe has appointed Fintyre as the exclusive distributor of its light vehicle tyres to the Italian market. Under the deal, Cooper will supply passenger car, SUV (sport utility vehicle) and van tires through Fintyre. By joining forces with Fintyre, Cooper will enhance its supply chain in this key European market.

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Cooper Tire breaks ground on USA distribution centre

A ceremony was held on 18 August to mark the start of work on Cooper Tire’s newest regional distribution centre in the USA. The 1 million square foot (92,900m²) facility in Whiteland, Indiana is located near the tyre maker’s Franklin distribution centre and will replace the existing site once it commences operations early next year.

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Cooper Tires supported British Rallycross Championship 2020 launched

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The organisers of the British Rallycross Championship organisers have launched the 2020 season at Lydden Hill Race Circuit. From the new campaign onwards, the series will be formally known as the Motorsport UK British Rallycross Championship 5 Nations Trophy Presented by Cooper Tires.

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Avon Tyres preparing to launch new AS7 all-season tyre

Avon is preparing to introduce a new all-season product: the Avon AS7. Boasting both 3PMSF (Three Peak Mountain Snow Flake) and M+S (Mud and Snow) ratings, it is designed to deliver reliable traction in unpredictable weather and demanding conditions all year round. The tyre is the latest in the Cooper Tire portfolio, joining the launch of the Cooper Discoverer A/T3 Sport 2 (pictured) earlier in 2020, and enhancing the company’s all-season portfolio.

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  1. Cooper launches Discoverer Winter SUV tyre
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Shifts in leading tyre manufacturer rankings, 2015-2019

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Tyrepress

Over the last five years of data collection for the Tyres & Accessories’ ranking of the leading tyre manufacturers, a few trends can be observed – see accompanying graphs for more details. Firstly, it is easy to see that there are a few separate groupings of rival companies within the top ten. In our first chart, we can see that Continental has continued to progress in narrowing the tyre sales gap with Goodyear, partially because Goodyear has yet to regain the level of sales achieved in 2015, despite improved results on its half-decade low in 2017. Tyrepress noted in 2018 that based on tyre volumes, Conti looked likely to overtake Goodyear in light vehicle (passenger car and light truck) tyre volumes, showing how it has gained ground on the previous ‘Big Three’. Regardless of their order, it has been appropriate to talk of a global Big Four tyre manufacturers for a few years.

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Cooper Tire Europe partners Brute Jeeps

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Cooper; Brute

Cooper Tire Europe is supplying tyres to 4×4 tuner Brute Jeeps. Cooper will provide Brute, which focuses on creating exclusive customised editions of the Jeep Wrangler, with “professional off-road tyres”.

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Wurst joins Triangle Tire USA as senior development engineer

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Triangle Tire USA has named Brad Wurst as senior development engineer of A3T, the company’s technical centre in Akron, Ohio. Wurst joins Triangle from Smithers where he has worked since March 2018. Prior to Smithers, Wurst spent more than seven years with Cooper Tire & Rubber, including a one-year assignment as a truck tyre development engineer at the company’s facility in Shanghai, China. Before that Wurst was spent 20 years with Bridgestone Americas.

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Cooper Discoverer SRXLE tyres OE on new Mercedes GLS

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Cooper

Mercedes-Benz AG has selected the Cooper Discoverer SRXLE all-season tyre as original equipment (OE) on the new Mercedes GLS. Discoverer SRXLE fitments include the 275/50 R20 and 275/55 R19.

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Pirelli, Hankook continue close rivalry in list of Leading Tyre Manufacturers

Tyrepress has published its 2020 ranking of the world’s top tyre manufacturers. Our ranking lists the top 20 tyre makers ordered by turnover from tyres in the previous calendar year. For example, Continental turned over nearly 45 billion euros in 2019, but 26.4 per cent of this was from its tyre divisions, making it the fourth largest tyre manufacturer in the world with 11.7 billion euros. The ranking presents a baseline for discussing the relative positions of the largest global players in tyre production. In 2019, we noted that Bridgestone had opened up a gap at the top of our ranking, around 2.65 billion euros ahead of second-placed Michelin in tyre turnover. This year, the French giant has reduced this gap to just over half a billion euros, reflecting its most recent acquisitions.

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Jinyu begins construction of Tay Ninh, Vietnam tyre factory

The groundbreaking at Jinyu Vietnam (Photo: Jinyu)Jinyu

Jinyu Tire Group hosted the groundbreaking ceremony of Jinyu (Vietnam) Tire Company Ltd’s 2 million tyre a year factory in Phuoc Dong Industrial Park, Tay Ninh Province, Vietnam on 18 June 2020. Local industrial park leaders as well as customer, supplier and construction representatives attended on the behalf of Jinyu Tire Group partners in light of the Covid pandemic

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