Cooper Tires Plans To Increase Ownership In Its Mexico Joint Venture To 100 Per Cent

Published On 27-Nov-2019 23:29:33By TyreDekho Team

Pending government permission and additional conventional closing provisions, it can be expected that the deal will close in early 2020

Cooper-Tire

The American tire manufacturer, Cooper Tires has recently revealed its strategy to expand control in the tire production facility, Corporación de Occidente S.A. de C.V. (COOCSA), to 100 per cent from 58 per cent. This facility currently belongs to its Mexico joint venture. The brand stated in a release that Trabajadores Democraticos de Occidente S.C. de R.L. de C.V. (TRADOC), holds possession of 42 per cent of the Mexico joint venture and have now enrolled into a reliable contract under which the American tiremaker will acquire TRADOC’s stake.

President & Chief Executive Officer of Cooper Tires, Brad Hughes said: “Full ownership of COOCSA is an important step in our strategic plan to optimize our global manufacturing footprint with cost-competitive production of quality tires to meet market demand, in this case throughout Latin America, as well as in North America.”

After the unfinished government permission and additional conventional closing provisions, it can be expected that the deal will close in early 2020.

“We will continue to make investments to modernize the facility in the future as it produces millions of high-quality tires. Cooper is thankful for the efforts over the past 11 years of our JV partner, TRADOC, and we look forward to continuing to work with them, and everyone at the plant as we pursue what we are confident will be a successful future in Mexico,” added Hughes.

Functioning at the plant, which manufactures light truck and passenger car tires will remain to operate as usual without any hindrance. In addition to that, TRADOC and Cooper have been allies in the Mexico joint venture facility, since 2008, which is currently located near Guadalajara.

You Might Also Be Interested In

Latest Tyres

  • Car
  • Bike
  • Truck
  • Apterra Cross
    Apterra Cross
    205/65 R16tubeless
    Rs6,100
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • AT 20 Grand Trek
    AT 20 Grand Trek
    265/65 R17 110Stubeless
    Rs14,699
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • FR500
    FR500
    185/65 R14 86Htubeless
    Rs3,491
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • UM 551
    UM 551
    165/80 R14 85Ttubeless
    Rs3,505
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Smart UX Royal
    Smart UX Royal
    215/60 R17tubeless
    Rs8,055
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • ContiMaxContact MC5
    ContiMaxContact MC5
    215/50 ZR17 95Wtubeless
    Rs12,704
    • iconFuel efficient
    • iconWet Grip
    • iconDry Grip
    • iconHandling
    Contact Dealer
  • CINTURATO P7
    CINTURATO P7
    245/40 R17 91Wtubeless
    Rs16,830
    • iconWet Grip
    • iconDry Grip
    • iconHandling
    • iconLow noise
    Contact Dealer
  • Pilot Sport 4
    Pilot Sport 4
    215/50 R17 95Wtubeless
    Rs11,829
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Smart Blaze RYDR BR43
    Smart Blaze RYDR BR43
    140/70-17tubeless
    Rs4,200
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Conta 725
    Conta 725
    90/90 R12tubeless
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Gripp XL
    Gripp XL
    90/90 R19 52Ptube
    Rs2,010
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • M6303
    M6303
    90/90 R12 54Jtubeless
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • BT SPORTMAXX
    BT SPORTMAXX
    140/70 R17tubeless
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Feelfree
    Feelfree
    120/70 R15 56H M/Ctubeless
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Conti Aqua Gripp
    Conti Aqua Gripp
    3.00-18 6PRtube
    Rs1,560
    • iconDry Grip
    • iconWet Grip
    Contact Dealer
  • Zapper S
    Zapper S
    140/70-14tubeless
    Rs2,625
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • X INCITY XZUE3+
    X INCITY XZUE3+
    295/80 R22.5na
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • ENDUTMRACE RD
    ENDUTMRACE RD
    315/70 R22.5na
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • JET XTRA
    JET XTRA
    8.25-16na
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • STEEL MUSCLE-S3P4
    STEEL MUSCLE-S3P4
    10.00 R20tube
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Mile XL X3 R
    Mile XL X3 R
    295/95 D20na
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • TG 01
    TG 01
    10 R 20tube
    Rs43,000
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • AGB 21
    AGB 21
    295/80 R 22.5tubeless
    Rs36,000
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer

Best Tyres

  • Car
  • Bike
  • Truck
  • SecuraDrive
    SecuraDrive
    185/65 R15 88Htubeless
    Rs4,445
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • ZLX
    ZLX
    145/80 R12 74Ttubeless
    Rs2,250
    • iconWet Grip
    • iconDry Grip
    Contact Dealer
  • Milaze
    Milaze
    145 R12 86Qtubeless
    Rs1,871
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Vectra
    Vectra
    155/80 R13 79Stubeless
    Rs2,400
    • iconWet Grip
    • iconDry Grip
    • iconHandling
    • iconLow noise
    Contact Dealer
  • Fuel Smarrt
    Fuel Smarrt
    155/65 R14 75Ttubeless
    Rs3,125
    • iconFuel efficient
    • iconDry Grip
    Contact Dealer
  • Taximax
    Taximax
    165/80 R14tubeless
    Rs2,800
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • ZVTV
    ZVTV
    195/55 R16tubeless
    Rs7,325
    • iconWet Grip
    • iconDry Grip
    Contact Dealer
  • Alnac
    Alnac
    155/70 R14 77Ttubeless
    Rs3,100
    • iconWet Grip
    • iconDry Grip
    • iconHandling
    • iconLow noise
    Contact Dealer
  • MILAZE
    MILAZE
    80/100 R18 54Ptubeless
    Rs1,555
    • iconLow noise
    • iconDry Grip
    • iconWet Grip
    Contact Dealer
  • SECURA ZOOM F
    SECURA ZOOM F
    80/100 R18 47Ptubeless
    Rs1,445
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • GRIPP
    GRIPP
    100/90 R17 55Ptube
    Rs2,020
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Nylogrip Plus
    Nylogrip Plus
    3/18tubeless
    Rs1,500
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • PILOT SPORTY
    PILOT SPORTY
    90/90 R17 49Ptubeless
    Rs2,596
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Zoom XL F
    Zoom XL F
    80/100 R18 47Ptubeless
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • MoGrip Meteor M
    MoGrip Meteor M
    3/18na
    Rs1,825
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Nylogrip Ezeeride
    Nylogrip Ezeeride
    3.00/17tube
    Rs1,525
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • WINMILE D
    WINMILE D
    295/80 R22.5na
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • FM Super
    FM Super
    10.00-20/16na
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • MUSCLEROK
    MUSCLEROK
    9.00-20tube
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • HCL Super
    HCL Super
    10.00-20/16na
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Lug Plus
    Lug Plus
    10.00-20/16na
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Mile XL Rib Pro
    Mile XL Rib Pro
    10.00-20/16na
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Lug XL Pro
    Lug XL Pro
    10.00-20/16na
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • THE LUG-PLUS
    THE LUG-PLUS
    8.25-20tube
    Price Coming Soon
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
×
Which is your city ?