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Cooper Tire and Rubber

Maker and seller of tires and rubber products.

Headquarters:
701 Lima Avenue
Findlay, OH 45840
Employees: 13,280
CEO: Roy Armes
Stock Symbol: CTB

Cooper Tire is the 11th largest global tire manufacturer and fourth-largest in the U.S. The company focuses on passenger cars and light vehicle replacement tires in North America.

With headquarters in Findlay, OH, Cooper Tire has manufacturing, sales, distribution, technical and design facilities in 11 countries around the world.

Tires are designed at technical centers in Findlay, OH and Melksham, England, and Kunshan, China. Tires are evaluated for performance on a test track in San Antonio, TX.

Company brands include: Cooper, Mastercraft, Dean, Starfire, Roadmaster, Avon Tyres, Mickey Thompson, Dick Cepek,and Mentor.

In 2014, Cooper had sales of $3.42 billion, down slightly from $3.44 billion, and net income of $214 million.

“I am proud of what we accomplished in 2014, particularly after a very disruptive year in 2013. Our full year 2014 operating profit was our second best in our 100-year history. Unit volume for the full year rose 6 percent, and our operating margin was strong at almost 9 percent. In the fourth quarter, we continued to see robust unit volume growth in the Americas segment and that segment delivered operating margins near 10 percent. However, our fourth quarter results were negatively impacted by weakness in our international operations. In 2015 we will continue our focus on exploring opportunities to expand our presence in Asia after the sale of our interest in the joint venture, so as to benefit from a more sizeable footprint in that high-growth market,” said Roy Armes, Cooper’s Chairman, Chief Executive Officer, and President.

History

The company was formed in 1920 by Ira Cooper for the production and distribution of new tires.

Benefits

- Provides profit sharing for salaried employees
- Educational Assistance Program covering 100% of tuition and books
- Provides comprehensive coverage for life, health, dental, vision care and prescription drugs
- In addition to a 401(k) program, provides a company-funded pension at no charge to employees
- Provides employee training and development opportunities regularly on all aspects of leadership, management development, computer skills, manufacturing and sales training
- Provides annual merit increases
- Offers full retirement

Updated February 24, 2015