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July 28, 2004 02:00 AM

Cooper automotive division signs China joint venture

Tire Business Staff
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    NOVI, Mich. (July 28, 2004) — Cooper Tire & Rubber Co.'s Cooper-Standard Automotive has formed a joint venture company with Saiyang Sealing Products Co. in China.

    The joint venture, under the name Cooper Saiyang Wuhu Automotive, will manufacture and sell automobile sealing systems. The venture's facility is in the Wuhu Economic Development Zone, southeast of Nanjing. The plant has complete rubber mixing capabilities, Cooper said.

    “This joint venture agreement is a key element of our Asian strategy,” said Jim McElya, president of Cooper-Standard. “We are now positioned to grow our business in Asia to better serve the needs of our global OEM customers. The opportunities in China are enormous.”

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