Product
Cooper Tire Increases Capacity at Findlay, Ohio Tire Plant
Findlay, Ohio, February 19, 2004 – Cooper Tire & Rubber Company (NYSE:CTB) today announced plans to add capacity at its Findlay, Ohio tire plant with an equipment investment of $1.8 million. The capacity will increase by 500,000 tires annually and add at least 30 additional jobs in the Findlay production facility.
"We are pleased to take this action to support the growing customer demand for Cooper tires. This expansion allows us to increase production of high performance tires and also add new equipment to enhance our quality and productivity," said Bill Woeste, vice president manufacturing. "We expect this equipment to be in place and at full production levels by late summer," he concluded.
In January, Cooper announced investments in its other three U.S. tire plants: Albany, Georgia; Texarkana, Arkansas; Tupelo, Mississippi. With Findlay included, the total investment in U.S. production is nearly $34 million with added capacity of almost 3 million units annually.
Company Description
Cooper Tire & Rubber Company, headquartered in Findlay, Ohio, specializes in the manufacture and marketing of products for the global automotive industry. Products include automotive, motorcycle and truck tires, inner tubes, tread rubber and equipment, as well as sealing, trim, NVH control systems and fluid handling systems. Cooper has more than 20,000 employees and 51 manufacturing facilities in 13 countries. For more information, visit the Company’s web site at: www.coopertireandrubber.com or www.coopertire.com.
Company Contact: Patricia J. Brown, (419)424-4370