Cooper Tire & Rubber will finalise its acquisition of 51% of Cooper Chengshan (Shandong) Passenger Tire and Cooper Chengshan (Shandong) Tire Companyon 4 February.
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In October, 2005, Cooper announced agreement to purchase China’s 3rd largest Chinese-owned tyre manufacturer with estimated 2005 sales of US$500m. In December, 2005, all necessary government approvals were received.
The purchase also includes a 25% ownership for Cooper in a steel cord factory which is located adjacent to the tyre manufacturing facility in Rongchen City, Shandong, China.
The company will continue making passenger car and light truck radials as well as radial and bias commercial tyres for the replacement, OE and export markets.
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