Cooper Tire Increases Mexico Investments
On January 1, Cooper Tire & Rubber increased its level of ownership in its affiliated Mexican operation from 38 to 58 per cent. The tyre maker states this increased ownership in Corporacion de Occidente SA de CV. has been made as part of its long-term strategy to produce high quality yet cost competitive products. As a result of this transaction, the Mexican entity will be fully consolidated in the company’s financial results for this year.