Market Overview

Cooper Tire Reports Cooper Chengshan Tire to Begin Process of Entering Past and Current Financial and Operational Data

Cooper Tire & Rubber Company (NYSE: CTB) today issued the following
statement regarding the status of financial and operational data entry
at its Cooper Chengshan (Shandong) Tire (CCT) joint venture facility in
Rongcheng, China.

“Cooper has continued to work with the joint venture partner and labor
union at CCT to restore normal operations as soon as possible. Last
week, CCT began to ramp up production of Cooper brand tires. We have now
received word that CCT will begin the process of entering past and
current financial and operational data into company computer systems.
Cooper will monitor the data entry to assure that it is taking place
properly and that it will continue without interruption.

See full press release

Posted-In: News Guidance Legal Management Global

 

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