Cooper Tire Completes Acquisition of Serbian Plant

Automation & RoboticsNewsSouth-East European INDUSTRIAL Мarket - issue 3/2011

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.