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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.”

Tuesday, June 25, 2019

IRC 2019 conference offers rubber courses - click to expand

Alexis Garcin, chairman and president of Michelin North America, elected to USTMA’s board of directors - click to expand

KraussMaffei Berstorff will build a new plant for extrusion technology in Hanover, Germany - click to expand

Trelleborg Lanka places serial order for Enviro's recovered carbon black, EnviroCB - click to expand

Global curing agents market forecast with a CAGR of 6 percent through 2023 - click to expand

Monday, June 24, 2019

Rubber Industry Training Week held in Kuala Lumpur July 1-4 - click to expand

Yokohama announces 3 percent price increase on aftermarket tires in Japan - click to expand

Goodyear to supply Airbus A321XLR with flight radial tires - click to expand

Moldex3D receives Aoki Katashi Innovation Award - click to expand

Akron Dispersions appoints Dr. Kayley Fishel-Hayat, Ph.D., as technical director - click to expand

Global rubber vulcanization market forecast to reach $11.2 billion by 2025 - click to expand

Friday, June 21, 2019

Book of the Day: Rubber & Tire Technology, Volume 1 - click to expand

R.D. Abbott hires Lincoln Gilmour as Canada sales and business manager - click to expand

Asphalt additive market forecast to reach $4.6 billion by 2024 - click to expand

China launches anti-dumping investigation of EPDM imports by U.S., South Korea and the European Union - click to expand

HAGL Agrico to sell rubber company to Thadi - click to expand

Thursday, June 20, 2019

ExxonMobil, Sabic receive approval for $10 billion ethane cracker plant in Texas - click to expand

Bridgestone technology helping ensure earthquake-ready venues for Olympic and Paralympic Games Tokyo 2020 - click to expand

John Bailey honored by ASTM International rubber and rubber-like materials committee - click to expand

Michelin announces price increase for commercial tire line in U.S., Canada - click to expand

RPM International acquires joint sealant manufacturers Schul International and Willseal - click to expand

Leistritz offers free extrusion seminar June 28 - click to expand

Wednesday, June 19, 2019

Schill+Seilacher and Struktol Group announce the passing of owner Ingeborg Gross - click to expand

Yokohama Tire honored with Subaru Supplier Award - click to expand

International Rubber Conference (IRC) 2019 early bird registration ends June 30 - click to expand

Nynas launches process oil for silicone fluid replacement and low temperature ink production - click to expand

Ace Products & Consulting hires marketing intern - click to expand

Freudenberg announces new seals and materials for the aerospace industry - click to expand

Tuesday, June 18, 2019

Nokian Heavy Tyres research and development center to reach full capacity in 2021 - click to expand

Yokohama Tire’s Mississippi plant voted Best Overall Industry in West Point - click to expand

U.S. trade war seminar hosted by Ace Products & Consulting - click to expand

Wes Balentine honored by ASTM International carbon black committee - click to expand

Apollo Tyres introduces EnduMaxx brand light truck tires for the Indian market - click to expand

Market Reports

The global curing agents market forecast with a CAGR of 6% through 2023 - click to expand

Global rubber vulcanization market forecast to reach $11.2 billion by 2025 - click to expand

Asphalt additive market forecast to reach $4.6 billion by 2024 - click to expand

Mold Release Agents market is projected to reach $2.5 billion by 2024 - click to expand

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