Serbia Archives - Page 8 of 10 - Tyrepress

Tag Archive for: Serbia

Jeff Schumaker promoted to Cooper Europe MD

From 1 January 2013 Jeff Schumaker will take over as managing director of Cooper Tire Europe prior to Julian Baldwin’s retirement on 31 January. Baldwin’s retirement follows six years of leading Cooper Tire Europe and almost 20 years with the company.

“Jeff’s demonstrated leadership skills and broad range of competencies gained throughout his long and diverse career at Cooper Tire position him well to succeed Julian, who has accomplished a great deal in his years at the helm of Cooper Tire Europe,” said Hal Miller, president, International Tire Division. “Under Julian’s leadership, a high quality, cost-effective European manufacturing footprint was established and expanded with the recent opening of our new operation in Serbia. We thank Julian for his immense contributions and look forward to the strong leadership Jeff will bring to maximizing our opportunities throughout Europe and Russia.”

8th November 2012/by Tyrepress Editors

ISO accreditation for Cooper’s Serbian plant

All eight of Cooper Tire & Rubber’s global manufacturing facilities are producing to ISO 9001:2008 standard following the certification of the company’s subsidiary in Kruševac, Serbia. Certification of the former Trayal plant, which officially came into Cooper hands on 17 January, was described by Kruševac plant manager Peter Salmon as marking “another step in making Serbia a globally competitive manufacturing facility.”

3rd July 2012/by Tyrepress Editors

Sava sales up in 2011

Slovenian tyre maker Sava has reported a 19 per cent growth in local net sales for 2011. The Goodyear subsidiary earned 132 million euros in local markets last year; in total, the company achieved net sales of 264.7 million euros and made a 6.83 million euro net profit.

18th June 2012/by Tyrepress Editors

Cooper posts improved Q1 results

Despite higher manufacturing costs in the first quarter of 2012, including costs related to the lockout at its Findlay plant, Cooper Tire & Rubber has announced improved results. The company reports net sales of US$984 million in the first three months of the year, an increase of $82 million, or nine per cent, compared with the first quarter of 2011. Operating profit was $48 million for the quarter, an increase of $16 million from the prior year same quarter. Net income attributable to Cooper Tire & Rubber for the quarter ended 31 March 2012 was $22 million, or $0.34 per share on a diluted basis, compared with $16 million, or 25 cents, for the first quarter of 2011.

3rd May 2012/by Tyrepress Editors

McNally to head Cooper Tire European Technical Centre

Cooper Tire & Rubber Company Europe Ltd has appointed Peter McNally as general manager of its European Technical Centre at the company’s European headquarters in Melksham, UK. The appointment follows the move of former ETC head Gavin Edwards to Cooper’s Asia Technical Center. McNally takes up his new role with immediate effect.

30th April 2012/by Tyrepress Editors

Analysts: Michelin trying to recover lost market share with Tigar expansion

Michelin is aiming to recoup part of the market share it has lost in the last decade by pushing up tyre production and sales volume across the board. That’s the view of financial analysts at Morgan Stanley who described the company as “swimming in red ocean.” Referring to the 170 million euros the company just announced it is putting into increasing budget tyre production at its Tigar plant in Pirot, Serbia, financial analysts described the funding as “a small investment for Michelin”, but a “big clue for investors.”

3rd April 2012/by Tyrepress Editors

Official opening for Cooper Tire’s Serbian facility

Today Cooper Tire & Rubber held a grand opening ceremony at its recently-acquired former Trayal tyre manufacturing facility in Kruševac, Serbia. Approximately 500 dignitaries, employees and members of the media were invited to attend the ceremony, including Serbian President Boris Tadić, Minister of Economy and Regional Development Nebojša Ćirić, and US Ambassador Mary Warlick. The guests, together with Cooper chairman, president and CEO Roy Armes, and International Tire Division president Hal Miller, celebrated the plant’s official opening.

23rd March 2012/by Tyrepress Editors

Increased Russian focus for Mitas’ upgraded Serbian factory

Production capacity for tractor and combine radials at Mitas’ factory in Ruma, Serbia has been expanded through a 3.5 million euro upgrade. In announcing the upgrade, the Czech Republic-based off-road tyre manufacturer noted the Ruma plant, which was built in 1981 and acquired by Mitas in 2008, is “strategically placed” to supply the Russian Federation due to the special trade relations between Russia and Serbia.

20th March 2012/by Tyrepress Editors

Cooper finalises Serbian acquisition

Company News, International News, News

On 17 January Cooper Tire & Rubber completed its acquisition of the former Trayal manufacturing plant assets in Kruševac, Serbia. A formal signing ceremony was held to mark the official start of Cooper Tire Serbia; this was attended by Serbian President Boris Tadić, Serbian Prime Minister Mirko Cvetković, US Ambassador Mary Warlick, along with Roy Armes, Chairman, President and CEO of Cooper Tire. During the ceremony Armes stated that Cooper elected to invest in Serbia not only because of its significant economic potential, but also for its quality workforce, geographical advantages and Serbian government support.

18th January 2012/by Tyrepress Editors

Brothers in arms – Cooper Findlay delegation meets Serbian union

It’s just over a month since Cooper Tire & Rubber announced its purchase of Serbian manufacturer Trayal’s passenger car tyre business. Since the acquisition agreement was signed on 8 December the Serbian firm has no doubt become more closely acquainted with its new owner; at the same time the union representing its employees has been getting to know the current thorn in Cooper’s side, the United Steelworkers union.

11th January 2012/by Tyrepress Editors

Romania welcomes Nokian’s 900th Vianor outlet

Only five months after reporting the opening of its 800th Vianor outlet, Nokian Tyres says it has reached the 900 mark. The company’s 900th tyre and car service centre has begun operations in Bucharest, Romania.

6th January 2012/by Tyrepress Editors

Cooper’s Serbian employees voice support for Findlay, says union

Cooper Tire’s keeping mum about the progress of negotiations linked to its Findlay factory, but the union representing workers offers comment on the ongoing saga almost daily. The United Steelworkers reported today that solidarity events in support of the locked out Findlay workers are being planned across the US, and it also shared that workers at Cooper’s recently-acquired ex-Trayal plant in Serbia have already pledged their support and demanded the company end the lockout.

21st December 2011/by Tyrepress Editors

Cooper enters agreement to acquire Trayal assets

Cooper Tire & Rubber has announced its entry into an agreement to acquire the assets of an existing tyre plant in Kruševac, Serbia. Although Cooper’s statement on the deal did not name the Serbian company, the tyre maker’s interest in investing into Kruševac-based firm Trayal has been known since mid-2011. The agreement to acquire Trayal’s passenger car tyre business was signed on 8 December by Hal Miller, president of Cooper's International Tire Segment, and Serbia’s minister of Economy, Nebojša Ćirić.

9th December 2011/by Tyrepress Editors

Somr named Mitas plant director in Ruma

Ivo Somr has been appointed director of the Mitas agricultural tyre factory in Ruma, Serbia following the planned return to the Czech Republic of the previous facility head, Rudolf Mačák. “Ruma plans to expand production of radial agricultural tyres,” Somr said.

1st September 2011/by Tyrepress Editors

Cooper a potential Trayal investor

Various Balkan region news sources have reported Cooper Tire & Rubber’s intention to invest in Serbia’s Trayal. The US firm’s plans apparently involve investing 50 million euros in Trayal over the next two years and increasing production from one million to 3.4 million tyres during that time and then boosting it to seven million over the subsequent two years.

28th June 2011/by Tyrepress Editors