AKRON-Cooper Tire & Rubber Co. is boosting production capacity at its Albany, Ga., radial truck and passenger tire plant to 25,000 units per day from 10,000. Expansion of the firm's non-tire capacity may follow next year, Chairman and CEO Ivan W. Gorr said after delivering the keynote address at the Akron Rubber Group's April 28 spring meeting.
The company has added about 150 people at the Albany site since January 1993 to support the capacity upgrade. The factory's current work force of 550 should rise further as production is added, a company spokesman said.
Floor space at the 1.8 million-sq.-ft. factory can accommodate the upgrade, Mr. Gorr said.
The cost of the project wasn't disclosed, and no completion date has been set since the expansion will be ongoing.
Cooper also continues to expand its other facilities on an incremental basis. The manufacturer probably will match 1993 capital expenditures of $117 million this year, the company official said.
Cooper derives 80 to 85 percent of its annual sales of $1.2 billion from tires.