Cooper to boost cap-ex to support growth plans

ERJ staff report (TB)

Findlay, Ohio — Cooper Tire & Rubber Co. plans to boost capital spending this year by as much as 35 percent to support growth initiatives such as ramping up the former Trayal Corp. plant in Serbia and implementing an enterprise resource planning (ERP) system.

Cooper plans capital expenditures this year of $180 million to $210 million this year, up from $155 million invested in 2011 and $120 million in 2009.

Noting this is higher than Cooper’s traditional capital spending, Cooper CEO Roy…

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