Cooper Tire Completes Acquisition of Serbian Plant
COOPER TIRE & RUBBER COMPANY acquired the assets of a tire-making facility in
Kruševac, Serbia. Among those hailing the importance of Cooper Tire Serbia to the
economic development of the region in a formal signing ceremony were Serbian
President Boris Tadić, Serbian Prime Minister Mirko Cvetković, U.S. Ambassador Mary Warlick, and Cooper Chairman, President and CEO Roy Armes. Armes stated that Cooper elected to invest in Serbia not only because of its significant economic potential,
but also for its quality workforce, geographical advantages and Serbian government
support. "The Serbian government, the Kruševac community and our future employees
are very excited about the opening of Cooper Tire Serbia and the economic benefit
it will bring to the area," said Hal Miller, President of Cooper’s International
Tire Segment. “In serving the world’s fastest growing markets as well as the
world’s largest market, we have expanded our global footprint and ability to
respond to evolving demands and customer needs. This acquisition strengthens our
presence in Europe and decidedly complements our existing worldwide operations.”
Cooper Tire & Rubber Company (Cooper) is the parent company of a global family of
companies that specialize in the design, manufacture, marketing, and sales of
passenger car and light truck tires. Cooper has joint ventures, affiliates and
subsidiaries that also specialize in medium truck, motorcycle and racing tires.
Cooper’s headquarters is in Findlay, Ohio, with manufacturing, sales, distribution,
technical and design facilities within its family of companies, located in 11
countries around the world.
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