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Cooper Tire Distributes Layoff Notices

Employees at Cooper Tire’s factory in Texarkana, Arkansas have been notified that the layoffs anticipated since their initial announcement last year will begin this May. Letters stating that the layoffs will take place on May 26 have been distributed to plant workers.

In September 2006 Cooper Tire announced it planned to convert the factory into a ‘flex plant’, at the expense of at least 400 jobs. However company officials now believe the layoffs may not be so extensive due to recent market changes and attrition at the plant.

30th March 2007/by Tyrepress Editors

Cooper Launches New CS4 Touring Tyre

(Akron/Tire Review) On March 20, in Pearsall, Texas, just outside San Antonio, Cooper Tire & Rubber Co. launched its new all-season premium Cooper CS4 touring tyre.

Select tyre dealers and trade media guests were invited to the 1,000-acre Cooper Tire and Vehicle Test Center to experience the new tyre’s performance in wet-braking and autocross as well as ‘soft handling’ and quick-lane-change manoeuvres.

The CS4, intended for sedans, minivans and crossover vehicle applications, offers two all-season tread options – a four-rib tread design (T rated) and a five-rib design (H and V rated), said John Pecoraro, Cooper’s product marketing manager. The T-rated CS4 tyre features a limited 80,000-mile treadwear warranty, while the H- and V-rated versions offer a 60,000-mile warranty. In addition, Cooper is offering a free, 45-day road test on the new tyre.

21st March 2007/by Tyrepress Editors

Avon Motorcycle Tyres Appoint New PR Agency

Avon Motorcycle Tyres has announced the appointment of a new public relations agency. As of March 8 Performance PR became responsible for handling all media enquiries and for raising the profile of the Cooper Tire owned motorcycle division.

12th March 2007/by Tyrepress Editors

Goodyear Price Hike Will “More Than Offset Costs”

Following Goodyear’s announcement that it will increase prices on by 4-5 per cent on 1 April, some analysts have suggested that the rise will more than offset raw material costs. The announcement follows similar moves by other premium manufacturers (namely Michelin and Bridgestone).

12th March 2007/by Tyrepress Editors

Analysts: Cooper Stock Worth ‘A Second Look’

Shares of Cooper Tire & Rubber Co. hit a 52-week high on 2 March, despite reporting a more losses in its fourth quarter results. Cooper shares rose $1.18, or 7 per cent, to $18.24 in midday trading on the New York Stock Exchange. They had peaked at $18.45 earlier in the session.

5th March 2007/by Tyrepress Editors

Sales Up, But Cooper Still Posts Larger Loss

(Akron/Tire Review) Despite seeing positive returns from its new operations in China, Cooper Tire & Rubber Co. still posted a large loss for fiscal year 2006. The company reported full-year sales of $2.7 billion, up 24% from the year prior, but a net loss of $79 million, compared to a 2005 net loss of just $9 million.

1st March 2007/by Tyrepress Editors

US Tyre Shipments Decline

US replacement tyre shipments declined 4.9 per cent in January, despite being down 4.4 per cent in January 2005. The downturn is widely accepted to have been at least partly caused by the recent Goodyear strike. According to Deutsche Bank analysts, warm weather may also have pushed back demand for winter tyres. The analysts also observed that other tyre makers, including Cooper Tire, are experiencing better demand than the overall market data suggests

19th February 2007/by Tyrepress Editors

Cooper to Open European Technical Centre in Melksham

Cooper Tires has confirmed that its UK factory in Melksham, Wiltshire, will be the home for a new European Technical Centre (ETC) that will be the hub of the company’s European activities.

The ETC will be responsible for all elements of the design and development of products manufactured at Melksham, primarily high-performance passenger vehicle tyres in both Cooper and Avon brands.

8th February 2007/by Tyrepress Editors

Cooper Tire Stock Upgraded

KeyBanc’s Saul Ludwig has upgraded Cooper to “Buy” from “Hold” and increased his 2007 earnings prediction for the company. The Associated Press quote Ludwig as saying: “Following seven money-losing quarters, the pendulum is about to swing in a positive direction, in our opinion.”

29th January 2007/by Tyrepress Editors

Kicking Up A Storm

The inclement mid-January weather was just a coincidence, but Avon clearly wanted to attract attention at last month’s Trade Expo when it exhibited the Storm-ST, the successor to the acclaimed Azaro-ST. In fact it was pretty much the only thing on the spacious stand as the company wanted to focus attention squarely on its new flagship Sport Touring offering. Avon’s decision to promote the Storm-ST at Expo runs in parallel to the launch of the Viper Xtreme trackday tyre and follows a 12 per cent increase in Avon motorcycle tyre sales in 2006.

26th January 2007/by Tyrepress Editors

Avon Tyres joins Brabham in MSA British Race Elite initiative

Avon Tyres is to link up with ex-Formula 1 driver, David Brabham, as an official partner in the new MSA British Race Elite programme. The initiative, launched at the Autosport International Show, is designed to offer selected promising young British racing drivers the chance to develop their skills by giving technical insights into every aspect of motor racing, from tyre technology to physical fitness and mind coaching.

25th January 2007/by Tyrepress Editors

New Caterham Superlight Challenge Calendar Announced

With a schedule of races expanded to 14 and key support status alongside the prestigious British F3 and British GT Championships, the Avon-sponsored Superlight Challenge is attracting not only returning competitors but also fresh faces rising from the ranks of the Roadsport Challenge.

22nd January 2007/by Tyrepress Editors

Shares Strong for US Tyremakers

After weathering some tough times of late US tyremakers have seen a rise in their shares during the last six months as natural rubber and oil prices lower and the threat of industrial unrest in the sector begins to fade. Previous increases in raw material costs have also been, according to one analyst, absorbed by price rises that appear to have been accepted by consumers.

19th January 2007/by Tyrepress Editors

Vredestein Exhibits Cold-Weather Run-Flat at Autosport

Following on from run-flat product launches by Cooper and Marangoni Tyre last May, Russian-Dutch manufacturer Amtel-Vredestein threw its hat into the ring with the launch of its Wintrac Xtreme RF cold weather run-flat. Vredestein exhibited its latest offering behind a glass panelled display at the recent Autosport show in Birmingham. The new tyre will be available in 16 to 18-inch diameters, covering all the main sizes in this range (mainly BMW or similar fitments).

19th January 2007/by Tyrepress Editors

Cooper Tire Subsidiary Introduces New Application Tread

Cooper Tire and subsidiary Oliver Rubber Company have introduced their latest speciality application tread – the APWs.

The new APWs tread is designed for 70 per cent on-road and 30 per-cent off-road applications. It uses a compound known as Tri-Cor, and features a large and reportedly ‘aggressive’ tread pattern that features three circumferential self-cleaning grooves, which are designed to help make the product durable even when subject to high mileages.

11th January 2007/by Tyrepress Editors