Kenda eyes additional capacity after selling Cooper JV stake

ERJ staff report (TB)

Columbus, Ohio — Kenda Rubber Industrial Co. Ltd.’s decision to sell its 50-percent share in Cooper Kenda Tire Manufacturing (Kunshan) Co. Ltd. joint venture was based on the Taiwan tyre maker’s need to tap into expanded production capacities earlier than the Cooper venture could deliver, the company said recently.

Cooper disclosed March 2 that Kenda had agreed to sell its share in the 4-year-old Chinese venture for $116.5 million. Cooper anticipates completing the deal by March 15 and renaming the venture Cooper Kunshan…

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