Cooper Tire & Rubber Company (NYSE: CTB) was founded in 1914 and is headquartered in Findlay, Ohio, USA, with 9,119 full-time employees, and its subsidiaries, manufacturing and sales worldwide Tire is the second largest tire production company in the United States after Goodyear .
Cooper Tire & Rubber Company (CTB):
Cooper Tire & Rubber Company is an American company specializing in the design, manufacturing, marketing and sales of alternative car and truck tires, as well as a subsidiary specializing in the production of medium-duty truck, motorcycle and racing tires. Headquartered in Findlay, Ohio, Cooper Tyre has 60 manufacturing, sales, distribution, technology, and design facilities in its global portfolio of subsidiaries.
Cooper Tire and Rubber Company is divided into two divisions to operate: Americas Tire Operations (Americas Tire Operations) and International Tire Operations (International Tire Operations).
Cooper Tire & Rubber Company manufactures and sells passenger car, light truck, motorcycle and racing tires, and tire retreading materials; and distributes tires for racing cars, medium trucks and motorcycles.
Cooper Tire & Rubber Company sells its products to independent tire dealers, wholesale distributors, regional and national retail tire chains, and other tire and automotive product retail chains, as well as original equipment manufacturers; and directly through three self-owned retail stores For end users.
Cooper Tire & Rubber Company (CTB) history:
- In 1914, John F. Schaefer and Claude E. Hart founded M and M Manufacturing Company in Ohio, which was the predecessor of Cooper Tire and Rubber Company;
- In 1920, the company acquired The Giant Tire & Rubber Company;
- In 1922, the company headquarters moved to Findlay, Ohio, and it has continued to this day;
- In 1930, The Cooper Corporation, M and M Company and The Falls Rubber company merged to form Master Tire and Rubber Company;
- In 1946, the company changed its name to Cooper Tire & Rubber Company and it is still in use today;
- From 1946 to 1982, Cooper Tire & Rubber Company has been controlled by the Brewer family;
- In July 1960, Cooper Tire & Rubber Company IPO listed on the New York Stock Exchange, stock code: CTB (B stands for Brewer);
- In 1997, Cooper Tire and Rubber Company acquired Avon Tyres Ltd;
- In 1999, Cooper Tire and Rubber Company acquired The Standard Products Company, including its subsidiaries: Standard Products, Oliver Rubber Company and Holm Industries Inc.;
- In 2003, Cooper Tire & Rubber Company acquired Mickey Thompson Performance Tires & Wheels;
- In 2003, Cooper Tire and Rubber Co., Ltd. established a joint venture with Taiwan Jianda Industrial Co., Ltd. to build a tire manufacturing plant near Shanghai;
- In January 2005, Cooper Tire acquired 11% of South Korea’s Kumho Tires Company;
- In October 2005, Cooper announced that it had reached an agreement to acquire 51% ownership of Cooper Chengshan (Shandong) Passenger Tire Company Ltd. and Cooper Chengshan (Shandong) Truck Tire Company Ltd., the third largest tire manufacturer in China. Production of truck and bus tires for the export market;
- In 2007, Cooper sold Oliver Rubber Company to Michelin (Euronext: ML) for US$69 million ;
- At the end of 2011, Cooper Tire and Rubber Company acquired Serbian tire company Kruševac to acquire Trayal; Cooper took over a unit of Trayal Korporacija AD from Bulgarian company Brikel EAD for USD 13 million, with an investment of up to USD 50 million;
- On June 12, 2013, India’s Apollo Tyres announced that it would acquire Cooper for US$2.5 billion. If it takes off, Goodyear Tire & Rubber Co. will become the only major tire manufacturer in the United States. , On December 30, 2013, Apollo withdrew from the transaction because Cooper did not disclose important information about its lack of control over the Chinese business.