UPDATE: Cooper Tire Issues Statement Regarding Production at Chengshan Plant

Cooper Tire & Rubber Company CTB today issued the following statement regarding reports that production of Cooper brand tires has resumed at the Cooper Chengshan (Shandong) Tire (CCT) joint venture facility in Rongcheng, China. “Preliminary work to ramp up production of Cooper brands at CCT is taking place. While this is a step forward in resolving the issues there, Cooper is looking to the labor union and joint venture partner to assure that production will indeed resume in full and will continue uninterrupted. While restarting production of Cooper brands at CCT indicates positive progress, it is absolutely critical that actions are taken there to allow Cooper to resume regular financial reporting. This remains an See full press release