Cooper reports 2nd-quarter loss, partially blames effects of strike

From Rubber & Plastics News

Findlay, Ohio-Cooper Tire & Rubber Co. fell into the red in the second quarter and first half of the year, partly on the effects of the work stoppage earlier this year at its Texarkana, Arkansas, plant and as a result of steep declines in its North American tyre unit’s profitability.

Cooper reported a net loss of $6.88 million (Euro 5.6 million) in the second quarter, down from earnings of $34 million for the same period in 2004. For the first six months,…

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