About Cooper Tire & Rubber Company
Our Business
As a global competitor in the replacement tire industry, Cooper Tire & Rubber Company, together with its affiliates, subsidiaries and joint ventures has manufacturing facilities on three continents, sales and distribution networks around the world and products that meet and exceed the demands of the world's most dynamic markets. The Cooper family of companies have more than 430 million Cooper produced tires on vehicles around the world, making our products an important difference to the quality of people’s everyday lives.
Company Background
- Strategic focus is on light vehicle replacement tires in North America (no OE)
- The ninth largest global tire manufacturer
- The fourth largest tire manufacturer in the U.S.
- Market share in the U.S. is 13 percent
- In the top eight truck and bus radial tire manufacturers in the People's Republic of China.
Parent Company
Cooper Tire & Rubber Company, Findlay, Ohio
Roy Armes, Chairman of the Board, President and Chief Executive Officer
Company Financials
In 2010, Cooper Tire reported revenues of $3.4 billion.
Employees
Cooper employees nearly 13,000 people around the world.
Brands
Cooper, Mastercraft, Dean, Starfire, Dominator, Roadmaster, Avon Tyres, Mickey Thompson, Dick Cepek, Chenshan, Austone and Fortune.
Vision Statement
Together around the world. One team ... One goal: Creating superior value for our customers, employees, partners and shareholders.
Strategic Imperatives
Key imperatives of Cooper's Strategic Plan that are used to drive the Company in creating shareholder value are:
- A sustainable cost-competitive position,
- Top-line profitable growth, and
- Bold organizational capabilities
Retail Partners
Tires are distributed through independent dealers, regional retailers, wholesalers and national retailers.
History
The company's U.S. history dates back to 1914, when brothers-in-law John F. Schaefer and Claude E. Hart purchased M and M Manufacturing Company in Akron, Ohio, producing tire patches, tire cement and tire repair kits.
In 1915, Schaefer and Hart purchased The Giant Tire & Rubber Company of Akron, a tire rebuilding business, and two years later moved the business to Findlay, Ohio.
The firm changed its name to Cooper Tire & Rubber Company in 1946 and by July 11, 1960, the company became a publicly held corporation and was listed on the New York Stock Exchange.