Cooper setting up joint ventures with China´s Shandong Chengshan

Findlay, Ohio — Cooper Tire & Rubber Co. is setting up two joint ventures in China with Shandong Chengshan Tire Co. Ltd. to make passenger and truck tyres, with Cooper to be majority owner of each.

Cooper will invest $70 million in the projects, to be known as Cooper Chengshan (Shandong) Passenger Tire Co. Ltd. and Cooper Chengshan (Shandong) Truck Tire Co. Ltd. Cooper will own 51 percent of the companies, as well as 25 percent of a steel cord factory located adjacent to Shandong Chengshan´s…

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