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UPDATE: Cooper Tire Issues Statement Regarding Production at Chengshan Plant

Cooper Tire & Rubber Company (NYSE: 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

Posted-In: News Guidance Offerings Contracts Management Global

 

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