Cooper completes acquisition of Mexico joint venture

0

Cooper Tire & Rubber Company has finalized its acquisition of Mexican joint venture Corporación de Occidente (COOCSA). The plans to purchase the tire plant of which it formerly owned 58%, were first announced in November 2019.

“Full ownership of COOCSA is part of our strategic plan to optimize Cooper’s global manufacturing footprint with cost-competitive production of quality tires in key geographies,” said Cooper president and chief executive officer Brad Hughes.

“We are excited to continue working with the team in Mexico as we look forward to enhancing the facility’s global competitiveness in the tire industry.”

Share.

About Author

mm

Rachel's career in journalism began around five years ago when she started working for UKi Media & Events, having recently graduated from Coventry University where she studied the subject. Her favourite aspect of the job is interviewing industry experts, including researchers, scientists, engineers and technicians, and learning more about the ground-breaking technologies and innovations that are shaping the future of the automotive and tire industries.

Comments are closed.