Cooper, Sailun to build joint venture TBR tire plant in Vietnam

Findlay, Ohio – Cooper Tire & Rubber Co. and Sailun Vietnam Co. Ltd. have agreed to set up a joint venture to oversee the construction of a radial truck/bus tire plant in Vietnam rated at more than 2 million units annually.

The proposed venture, which requires government approvals, will be located near Ho Chi Minh City, Vietnam, at the site of Sailun Vietnam’s existing operations and represents an investment of $220 million (€193 million) to $240 million, Cooper said.

Cooper will own 35% of the new venture.

The…

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