Cooper Tire and Rubber Company reports loss due to reduced production levels
Sales up 13% to US597m
Cost increases from higher raw material prices and operational ineffiencies in some of its USA plants led Cooper Tire and Rubber Company to post a first quarter loss of US$5.15m in 2006, against a profit of US$5.21m in the first quarter 2005. The quarter suffered due to reduced mold and production levels in the company’s Texarkana plant in Arkansas (USA), and the transition to seven day continuous operations in the Findlay, Ohio (USA) plant. Even the combined effects of improved price, product and customer mix could not offset the negative factors.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
