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

CTB.N on New York Stock Exchange

30.39USD
23 Jul 2014
Price Change (% chg)

$-0.17 (-0.56%)
Prev Close
$30.56
Open
$30.48
Day's High
$30.59
Day's Low
$30.00
Volume
80,868
Avg. Vol
151,766
52-wk High
$34.17
52-wk Low
$20.58

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Cooper Tire & Rubber Company (Cooper), incorporated on March 26, 1930, is a manufacturer and marketer of replacement tires. Cooper focuses on the manufacture and sale of passenger and light and medium truck replacement tires. The Company operates through two segments: North American Tire Operations and International Tire Operations. The North American Tire Operations segment manufactures and markets passenger car and light truck tires, primarily for sale in the United States replacement market. The North American Tire Operations segment also distributes tires for racing, medium truck and motorcycles that are manufactured at the Company’s subsidiaries. The International Tire Operations segment has manufacturing operations in the United Kingdom, the Republic of Serbia and the People’s Republic of China.

North American Tire Operations Segment

The North American Tire Operations segment manufactures and markets passenger car and light truck tires, primarily for sale in the United States replacement market. The segment also distributes tires for racing, medium truck and motorcycles that are manufactured in the Company’s International Tire Operations segment. The segment does not sell its products directly to end users, except through three Company owned retail stores. In addition to manufacturing tires in the United States, the segment has a joint venture manufacturing operation in Mexico, Corporacion de Occidente SA de CV (COOCSA). A portion of the products manufactured by the segment are exported throughout the world.

International Tire Operations Segment

The International Tire Operations segment has manufacturing operations in the United Kingdom, the Republic of Serbia and the People’s Republic of China. The United Kingdom. entity manufactures and markets passenger car, light truck, motorcycle and racing tires and tire retread material. The Republic of Serbia entity manufactures light vehicle tires for the European markets. The segment’s Cooper Kunshan entity in the People’s Republic of China manufactures light vehicle tires. Its joint venture in the Cooper Chengshan Tire manufactures and markets radial and bias medium truck tires as well as passenger and light truck tires for the global market. A small percentage of the tires manufactured by the segment are sold to Original equipment manufacturers (OEMs). The segment has also established 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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