Cooper Tires with changes in Top-Management
Pat Rooney, CEO and Chairman of Cooper Tires Ohio/USA, is to retire on June 3rd 2000. Tom Dattilo, currently President and COO, will succeed him.
Posts
Stock Exchange: Goodyear Is The Loser
Product NewsIn the first week of July Goodyear shares were down, while Bridgestone, Michelin and Toyo Tires were all winners. Only a short time before, at the end of June Goodyear and Michelin shares had gone down as well as car manufacturers Mazda, General Motors, Volkswagen and BMW lost drastically. Mid June almost the same situation: Goodyear going down (this time Bridgestone and Cooper too) leaving only Yokohama as a winner.
Business As Usual At Cooper Tire
Product NewsUS-tyre manufacturer Cooper increased turnover during the first nine month by 17 % compared with the same period in 1999 to 1.3 bn $. This figure includes 123 million $ coming from Oliver, the retreading company which was purchased some months ago. It is said that Oliver has lost its biggest customer, forcing the company to search aggressively for new opportunities. Surprisingly or not: Cooper again managed an Operating Profit in the Tire Division of 10.4 % (last year 11.5 %) but there is the need for some restructuring in the non-tyre field.
A New Road And Track Tyre From Cooper-Avon
Product NewsCooper-Avon has announced the launch of a newly developed road and track tyre, the CR500, which will be fitted to Caterham’s new Superlight R500 model. The tyre has been jointly developed by Cooper-Avon and Caterham and is heavily influenced by Avon’s radial tyre racing success.
Offtake-Agreement Between Tofan And Cooper-Avon
Product NewsTofan Grup (Romania) is producing car tyres for Cooper-Avon at its Danubiana plant (Bucharest).
Cooper To Raise Prices In US
Product NewsAn item in our ‘News In Brief’ for 13th March suggested that tyre prices in the USA would soon rise. Since then, the Cooper Tire & Rubber Co. has announced price increases of between 2 and 5% for passenger and light truck tyres, effective mid-April. Increases in raw material costs were cited as the reason for the rise, which applies only to the US market.
Cooper 4×4 Tyre To Be Made In UK
NewsThe Cooper Discoverer Sport HP – a 4×4 tyre designed specifically for roads in Europe – is to be manufactured at Cooper-Avon’s factory at Melksham in the UK.
Stock Exchange Mostly Friendly
Product NewsWhile Toyo shares dropped at the end of April/beginning of May, those of two other Japanese manufacturers, Bridgestone and Yokohama, gained. The share prices of Continental, Cooper, Goodyear and Michelin too.
Strategic Global Alliance Of Cooper And Nishikawa
Product NewsCooper-Standard Automotive of the Cooper Tire & Rubber Company (Findlay/Ohio, USA) and Nishikawa Rubber Company (Hiroshima, Japan) are to strengthen their strategic global alliance.
Part Of Its Plastics Division To Be Sold By Cooper
Product NewsCooper Tire is to sell a part of its automotive plastics division for an undisclosed cash sum. The purchaser is Plastech Engineered Products. The plastics division accounts for around 4% of company turnover.
Weather Master SiO2 By Cooper
Product NewsThe first Cooper winter tyre designed specifically for the Alpine market is to be manufactured at Cooper-Avon Tyres’ Melksham (United Kingdom) plant. The “Weather-Master SiO2” will be available in 15 T-rated and 11 H-rated sizes this autumn.
Flagship Brands From Cooper-Avon At Reifen 2000
Product NewsCooper-Avon Tyres Limited will be exhibiting a number of flagship products from both its Avon and Cooper brands at the “Reifen 2000” international exhibition in Essen, Germany from 20-23 June. For the motorcycle market the company will be unveiling for the first time the “Azaro” with Avon’s variable belt density (VBD) technology. Furthermore two new winter tyres – “CR75″ and CR85” – will make their debuts at the show as well as the new 4×4 tyre named “Ranger H”.
“Intermot” Munich – Many New Motorbike Tyres
NewsMunich’s “Intermot” has become the main fair for motorbikes, the supplying industry and for dealers involved in motorbike tyres. Although the German market for motorcycles declined by 7 % (Europe: + 7 %) in the first half of this year, once again, “more than 150,000” visitors from 84 countries (1998: 150,368 from 80 countries) came to visit the New Munich Trade Fair Centre from 13 to 17 September to find out about the products and services of 1,033 exhibitors and 56 additionally represented companies from 35 countries (1998: 836 exhibitors from 33 countries). As in the premiere event in 1998, the proportion of trade visitors was approximately 35 %, with more than a fifth of their number coming from abroad. The largest contingents of trade visitors from abroad came from within the European Union (67 %) and the rest of Europe. Visitors’ interest encompassed all areas of the fair, with the top favourites being motorised vehicles (72 %), parts and accessories for motorised two-wheelers (47 %) and clothing and rider equipment. Therefore many companies from the tyre business were among the exhibitors in Munich: Cooper-Avon, Continental, Dunlop, Metzeler/Pirelli and Michelin showed their latest products and the tyre trade was present too. And there were a lot of new tyres to discover. For example a winter tyre for scooters, or Continental’s move into the radial segment, seven new tyres from Michelin and many more premieres for the upcoming motorbike season 2001. NEUE REIFENZEITUNG reviews all the news from the show in its October issue.
Cooper to purchase Siebe’s Automotive Devision
Product NewsTyre manufacturer Cooper Avon wants to buy Siebe’s Automotive Devision. According to present information Cooper has to pay 244.5 million US-Dollar for the company which belongs to the British Invensys group.
