Distribution Center Leased by Cooper Tire in Albany, Georgia, Sustains Tornado Damage; No Injuries; Customer Orders Being Rerouted


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FINDLAY, Ohio--(BUSINESS WIRE)--

Cooper Tire & Rubber Company (NYSE:CTB) today announced that a tire warehouse and distribution facility the company leases in Albany, Georgia, sustained damage from a tornado on January 22 and is not currently operational. There were no injuries at the facility, which is operated for Cooper by a third party logistics firm. Cooper immediately activated its logistics contingency plans and began to reroute customer orders to other facilities in its network to minimize disruption.

The building owner and Cooper were able to access the facility and secure the site yesterday. The process to assess damages is ongoing. Cooper carries insurance for this type of event.

About Cooper Tire & Rubber Company

Cooper Tire & Rubber Company (NYSE:CTB) is the parent company of a global family of companies that specializes in the design, manufacture, marketing and sale of passenger car, light truck, medium truck, motorcycle and racing tires. Cooper's headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design operations within its family of companies located in more than one dozen countries around the world. For more information on Cooper, visit www.coopertire.com, www.facebook.com/coopertire or www.twitter.com/coopertire.

Cooper Tire & Rubber Company
Investor Contact:
Jerry Bialek, 419-424-4165
investorrelations@coopertire.com
or
Media Contact:
Anne Roman, 419-429-7189
alroman@coopertire.com


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: Press Releases