Cooper Tire and Sailun Vietnam are celebrating production of the first tire at ACTR, their joint-venture facility near Ho Chi Minh City, Vietnam.
Cooper Tire has a 35% share in ACTR, which was built to produce truck and bus radial tires for markets around the world. Following the delivery of the first tire during a ceremony in November, the factory is expected to reach commercial operation levels in the first quarter of 2020 and has the capacity to produce two million tires per year.
Brad Hughes, Cooper president and chief executive officer, said, “Cooperation between Cooper and Sailun has been outstanding, and we thank our partner Sailun for working so closely with us over the past several months to construct this facility. This is another important step in Cooper’s strategy to expand and diversify TBR production globally, giving us additional capacity to supply quality Roadmaster TBR tires to customers worldwide.”
Zhongxue Yuan, chairman and president of Sailun Group, said, “ACTR is a highly modern tire production facility with the latest technologies to drive quality and efficiency. We thank Cooper and all of those involved in the construction of the facility for their excellent support and cooperation. We look forward to many years of successful operation together with Cooper at ACTR.”