Chengshan to buy Cooper Tire's stake in Chinese JV
Cooper Tire will concentrate on its wholly owned China facility going forward.
Cooper Tire & Rubber has confirmed that it has received notice from its joint-venture (JV) partner in China of plans to acquire its 65% stake in Cooper Chengshan Shandong Tire Company (CCT). Cooper Tire's CEO, Roy Armes, has stated that China continues to be a major part of the company's growth plans and that it will concentrate on its wholly owned facility going forward.
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