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Cooper Tire announces joint venture to build truck tire factory with Sailun Vietnam

  12/13/2018 - Finlay, OH - Cooper Tire & Rubber Company announced that it has agreed to form a joint venture with Sailun Vietnam Co., Ltd. to build a manufacturing plant with the capacity to produce more than 2 million truck and bus radial (TBR) tires annually. Subject to closing and government approvals, the facility will be located near Ho Chi Minh City, Vietnam, at the site of Sailun Vietnam’s existing operations. Cooper will own 35 percent of the new venture. Total investment in facility and equipment in the joint venture is expected to be in the range of $220 to $240 million USD, funded through capital contributions and debt, with Cooper being responsible for its pro rata share. Construction of the facility is expected to begin early next year with tire production commencing in the first half of 2020. “The JV is another step forward in Cooper’s strategy to expand and diversify our TBR tire production globally, giving us additional capacity to help serve our growing original equipment and replacement TBR business around the world,” said Brad Hughes, Cooper president and chief executive officer. “We are very pleased to build on the great relationship we have with Sailun to help us address opportunities in the global TBR market.” Zhongxue Yuan, chairman and president of Sailun Group Co. Ltd., said, “This is positive for both parties. Our work with Cooper has been extremely productive. We are happy to expand our partnership with Cooper through this new TBR tire production facility in Vietnam that will help both companies meet our customers’ needs for quality, cost-competitive products around the globe.”

Monday, March 25, 2019

Rubber Division, ACS now offering all training courses remotely - click to expand

GM to invest $300 million, add 400 jobs at Michigan plant for new Chevrolet electric vehicle - click to expand

Birla Carbon to increase base prices for all carbon black markets in North America - click to expand

Davis-Standard¹s global converting platform featured at ICE USA - click to expand

Global market for stabilizers forecast to reach $5.5 billion by 2025 - click to expand

Friday, March 22, 2019

TA Instruments introduces new Rheo-Raman accessory for the Discovery hybrid rheometer - click to expand

ARPM announces Innovation Symposium on April 18 - click to expand

YourMechanic adds Goodyear.com for tire sales and installation services - click to expand

Adhesive tapes market projected to reach $69 billion by 2022 - click to expand

Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman - click to expand

Thursday, March 21, 2019

Plastics & Rubber Technology Conference calls for abstracts - click to expand

Ace Products & Consulting hires business manager - click to expand

Yokohama Tire's mobile tire specs app for dealers wins iF Design award - click to expand

Global thermoplastic elastomers market size is forecast at $27.8 billion by 2026 - click to expand

TA Instruments analyzer tests for mechanical behavior of materials - click to expand

Wednesday, March 20, 2019

Southeast Asia tire market projected to grow at a CAGR of over 7.5 percent through 2024 - click to expand

U.S. market for low rolling resistance tires forecast with a CAGR of 10.8 percent through 2028 - click to expand

Michelin launches Agilis CrossClimate tire for small business owners and commercial fleets - click to expand

Firestone Liberia to shed 800 jobs by April 2019 - click to expand

Safic-Alcan acquires Langley-Smith & Company - click to expand

Tuesday, March 19, 2019

Cooper launches new long haul steer tire as part of its PRO Series commercial line - click to expand

Kraton to build Cariflex semi works latex unit in Brazil - click to expand

Mitsui Chemicals pursues applications for temperature-sensitive elastomer - click to expand

Nitrile butadiene rubber latex market forecast at $2.4 billion by 2025 - click to expand

Hankook Tire adds Nissan Altima to growing original equipment portfolio - click to expand

Monday, March 18, 2019

Cabot announces feedstock surcharge for all carbon black products sold in North America - click to expand

Continental announces largest organizational change in company history - click to expand

Global silane and silicone market was estimated at $14.4 billion in 2017 and is expected to hit $22.03 billion in 2025 - click to expand

Trinseo hosts one-day process safety workshop for undergraduate chemical engineering students in China - click to expand

Global mold release market forecast with a CAGR of 5.7 percent through 2023 - click to expand

Market Reports

Global automotive tire market forecast to grow with a CAGR of 6.3% through 2027 - click to expand

Global nitrile gloves market is expected to reach $3.30 billion by 2026 - click to expand

The synthetic latex polymers market is projected to grow at a CAGR of 5.41% through 2024 - click to expand

Global market for stabilizers forecast to reach $5.5 billion by 2025 - click to expand

Adhesive tapes market projected to reach $69 Billion by 2022 - click to expand

Global thermoplastic elastomers market size is forecast at $27.8 billion by 2026 - click to expand

The U.S. market for low rolling resistance tires forecast with a CAGR of 10.8% through 2028 - click to expand

South East Asia tire market is projected to grow at a CAGR of over 7.5% through 2024 - click to expand

Global silane and silicone market was estimated at $14.4 billion in 2017 and is expected to hit $22.03 billion in 2025 - click to expand

Nitrile butadiene rubber latex market forecast at $2.4 billion by 2025 - click to expand

Global mold release market forecast with a CAGR of 5.7% through 2023 - click to expand

Global anti-tack agents market to reach $437.9 million by 2023 - click to expand

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