October 7, 2003
(Findlay, Ohio-AP) -- Cooper Tire and Rubber Company will transfer production of a portion of its truck tires from its Albany plant to China. The move will allow Cooper to expand production of performance and specialty light truck tires at the Albany plant.
Cooper announced today that Hangzhou Zhongce Rubber Company of Hangzhou, China, will supply Cooper with 250,000 to 350,000 radial medium truck tires annually.
The Albany plant produces nearly 25,000 tires per day, of which 1,200 are radial medium truck tires. Company spokeswoman Pat Brown says about 1,500 people are employed at the plant, and no layoffs are planned.
Dick Stephens, president of Cooper's Tire Group, says the transfer is necessary strategy to make the company as competitive as possible.
Tire molds and other equipment were being transferred from the Albany facility to China. The tires will be produced according to Cooper's technical specifications under Cooper's brand names.
Cooper has more than 20,000 employees and 52 manufacturing facilities in 13 countries.
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