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Cooper’s Fuel Saver

Among the tyres on show on the Cooper stand was the Cooper GFE. The initials stand for Greater Fuel Efficiency and it is the company’s first low-rolling resistance touring tyre. Compared to the Cooper GSE, rolling resistance is improved by 21 per cent.

The GFE is designed to reduce rolling resistance without sacrificing tread life or traction. This “green” tyre combines state-of-the-art mixing technology together with an enhanced polymer system and silica tread compound, to provide exceptional wear, fuel economy, improved wet traction and a smooth, quiet ride.

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US Senate Finance Committee Approves Cooper Tupelo Bill

On January 15 the US Senate Finance Committee passed a bill that paves the way for Cooper Tire’s Tupelo, Mississippi plant to receive $13 million in bonds. Under the proposed deal, which must now be voted upon by the Senate itself, Cooper will receive a $6 million loan to move equipment and $7 million in grants for an expansion.

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Cooper’s Albany Closure Savings Higher Than Expected – DB

Analysts at Deutsche Bank admitted on December 18 that the magnitude of cost savings from the closure of Cooper Tire’s Albany factory is higher than the bank initially expected. Cooper stands to save between US$75 million and $80 million per annum after costs linked to the closure are taken into account, however Deutsche Bank doesn’t expect Cooper Tire to achieve the full run rate of cost savings until the fourth financial quarter, as timing of employee departures and transition/inefficiency costs related to the plant shutdown, such as employee wages and benefits, mask the majority of the variable cost savings.

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Cooper Announces Plant Closure Intention

Cooper announced today that it plans to close its manufacturing facility in Albany, Georgia. The company states that the announcement “follows a network capacity study analysing the company’s optimal manufacturing footprint in the United States.”

Tire Review, based in Akron, Ohio said that the move was announced during a conference call with employees at all four of Cooper’s U.S. plants. Cooper will retain its plants in Findlay, Ohio; Texarkana, Arkansas, and Tupelo, Mississippi. As reported on Tyrepress.com, Cooper announced in October that it would review the viability of its U.S. capacity, with an eye towards closing at least one plant. An announcement on the result was not expected until January, but the decisions may have been hastened by the new union contracts and incentives the state of Mississippi is expected to extend to the tyre maker.

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New 3-Year Contract for Cooper’s Texarkana Plant Ratified

On December 15 Cooper Tire & Rubber gave word that the United Steelworkers of America Local 752L, the chapter representing workers at the company’s Texarkana, Arkansas facility, has ratified a new three-year contract with Cooper after workers voted ‘overwhelmingly’ in favour of it on December 13.

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Cooper Tire Announces Tentative Agreement for Texarkana Factory

Cooper Tire’s four factories are still awaiting the company’s decision regarding its review of US operations, and each is naturally eager to place itself in the best position in terms of its long-term viability. Hot on the heels of the ratification of an agreement between Cooper and the USW regarding the Findlay, Ohio facility comes one for the factory in Texarkana, Arkansas. Cooper Tire announced on December 11 that it had reached a new tentative agreement with the USW Local 752L, which represents workers at the facility. Union members will cast their votes on the agreement on December 13. The USW chapter is currently working under an agreement that would not have expired until 2010.

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Cooper Tire Agreement with Findlay USW Union Ratified

During voting that took place on December 7 and 8 the United Steelworkers of America Local 207L ratified a new three-year contract with Cooper Tire & Rubber. The contract, set to expire on October 31, 2011, relates to Cooper’s Factory in Findlay, Ohio.

“This contract was very different from any negotiations we have faced before,” said Mark W. Krivoruchka, Cooper’s senior vice president, Global Human Resources. “The Local 207L committee needed to adjust wages and working conditions in a way that makes Cooper more cost competitive in the marketplace. I would like to thank the local and international union leadership as well as membership and acknowledge the good work they provided to approve and ratify a contract that positions the Findlay plant more competitively in today’s uncertain economic environment.”

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Fire Burns Through Cooper Tire Warehouse

An Arkansas, US warehouse containing 100,000 tyres and used by Cooper Tire has caught fire. The frame of the 200,000 square foot warehouse is said to have collapsed and fire spread throughout the building. The fire is believed not to have spread to other buildings or a nearby forested area.

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Cooper Reaches Tentative Agreement with Findlay Union

A tentative agreement between Cooper Tire & Rubber and the United Steelworkers Local 207 regarding the company’s Findlay, Ohio facility has been reached. If this agreement is ratified, a new three-year contract may be implemented.

The Findlay plant manager has said the agreement places the facility in a position to be more competitive, something seen as a major step towards maintaining operations at the site in light of Cooper’s plans to close one of the company’s four US factories.

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Cooper Tire, Local Officials Meet to Discuss Future of Findlay Factory

News sources in the US state of Ohio have provided details of meetings between state and local officials and those at Cooper Tire regarding the status of the company’s Findlay, Ohio facility. The Toledo Blade, which comments that Cooper is Findlay’s largest company and the meeting was held “in hopes of keeping it that way”, reports that during the November 26 meeting the tyremaker was given a “strong pitch” for retaining the facility, one of four Cooper plants potentially facing closure in the US.

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Axle Group Appoints New Executive Director

Axle Group Holdings Ltd has published the appointment of Peter Harries as group executive director. Harries’ principal role will be “to develop and implement purchasing strategy to maximise growth and strengthen supplier relationships for the group, which includes National Tyres and Autocare, National Fleet and Viking International.”

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Avon Remoulds Introduces Website for Retreading Market Customers

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Avon Remould Materials (ARM) has launched a website to highlight the range of products it supplies to the retreading market, at www.avonremouldmaterials.com. Melksham based ARM, a division of Cooper Tire & Rubber Company Ltd, which also owns and manufactures the Avon Tyre brand, supplies a wide range of rubber compounds, pre-cure tread and calendered fabrics to meet customers’ needs, including tread for use in commercial truck tyre retreading, aircraft tyre retreading materials and sidewall veneer.

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Cooper Continues Dividend Run

On Friday, Cooper announced a quarterly dividend of 10.5 cents per share on common stock. The proceeds are payable on 30 December, 2008 to stockholders of record at the close of business 2 December, 2008. The payment will mark the 147th consecutive quarterly dividend paid by Cooper Tire & Rubber Company.

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Goodyear Assurance Gains Top Award From China’s Auto Magazine

After undergoing extensive testing, Goodyear’s Assurance tyre has received the 2008 “Annual Product of the Year Award” from Auto Magazine, one of China’s most respected automotive publications. Upon delivering word of this distinction, Goodyear comments that the Assurance, introduced in China last April, provides drivers with outstanding traction and performance – and therefore enhanced confidence. The tyre accomplishes this, says Goodyear, by incorporating Kevlar fibre along with a silica-based sidewall compound to help resist cuts and tears. The Assurance tyre’s ArmorGrip Technology also sports an array of interlocking waffle blades and additional silica-based compounds within its tread that provides enhanced lateral stability and de-coupling power to assist grip over varied road conditions and on both wet and dry surfaces.

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Vintage Tyres Resurrect Avon CR39 Turbospeed

Owners of Jaguar XJ40s and XJ6s from the late 80s and early 90s have had an impossible task locating their discontinued replacement tyres. However, Vintage Tyre Supplies is aiming to solve this problem with the re-introduction of the 220/65VR390 Avon CR39 Turbospeed. According to the vintage tyre specialist, Cooper Tire Europe (the home of the Avon brand) had been holding these moulds for the tyres in storage at its Melksham headquarters. So, following some mould refurbishment the first batches completed their test programme with flying colours and are now exclusively available from VTS

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