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United States

Profile: Cooper Tire & Rubber Co (CTB.N)

CTB.N on New York Stock Exchange

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2 Dec 2016
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Cooper Tire & Rubber Company (Cooper), incorporated on March 26, 1930, is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries also sell medium truck, motorcycle and racing tires. The Company is organized into four business segments: North America, composed of the Company's operations in the United States and Canada; Latin America, composed of the Company's operations in Mexico, Central America and South America; Europe, and Asia. The North America and Latin America segments are similar in their production and distribution processes, and are presented as the Americas Tire Operations segment. The results of the combined Asia and Europe segments are presented as International Tire Operations segment. Cooper and its family of companies operate approximately eight manufacturing facilities and over 20 distribution centers in over 10 countries.

Americas Tire Operations segment

The Company's Americas Tire Operations segment manufactures and markets passenger car and light truck tires, primarily for sale in the United States replacement market. The segment also has a joint venture manufacturing operation in Mexico with Corporacion de Occidente SA de CV (COOCSA), which supplies passenger car tires to the United States, Mexican, Central American and South American markets. The segment also distributes tires for racing, medium truck and motorcycles. The racing and motorcycle tires are manufactured in the Company's European Operations and by others. The medium truck tires are sourced through an off-take agreement with the Company's joint venture, which is known as Prinx Chengshan (Shandong) Tire Company Ltd. Its distribution channels and customers include independent tire dealers, wholesale distributors, regional and national retail tire chains, and retail chains that sell tires, as well as other automotive products. The segment sells a limited number of tires to original equipment manufacturers (OEMS). The segment's replacement tire business has a customer base that includes purchasers of brand tires that are marketed and distributed by the Company and private label tires which are manufactured by the Company but marketed and distributed by the Company's customers. The segment is a supplier of private label tires in the United States.

International Tire Operations segment

The Company's International Tire Operations segment is the combination of the Asia and Europe operating segments. The European operations have manufacturing operations in the United Kingdom and the Republic of Serbia (Serbia). The United Kingdom entity manufactures and markets passenger car, light truck, motorcycle and racing tires and tire retread material for the domestic and global markets. The Serbian entity manufactures light vehicle tires for the European markets and for export to the United States. The Asian operations are located in the People's Republic of China (PRC). In the PRC, Cooper Kunshan Tire manufactures light vehicle tires and, under an agreement with the government of the PRC, these tires were exported to markets outside of the PRC. The majority of the tires manufactured by the International Tire Operations segment are sold in the replacement market. The segment has also sales, marketing, distribution and research and development capabilities.

The Company competes with Bridgestone Corporation, Goodyear Tire & Rubber Company and Groupe Michelin.

Company Address

Cooper Tire & Rubber Co

LIMA & WESTERN AVENUES
FINDLAY   OH   45840
P: +1419.4231321
F: +1302.6555049

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