Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • Mid-Year Report
  • ADAS
  • News
    • OPINION
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • Humanitarian Award
    • RETAIL TIRES
    • SERVICE ZONE
    • TIRE MAKERS
    • Best Places to Work
    • RUSSIA WAR IN UKRAINE
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Manufacturers
July 23, 2020 10:17 AM

Cooper invests $55M in Serbia plant expansion

Jim Johnson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Cooper Tire & Rubber Co.

    A rendering of Cooper Tire & Rubber Co.'s tire plant in Serbia.

    FINDLAY, Ohio — Cooper Tire & Rubber Co. is investing about $55 million at a tire plant in Serbia to expand capacity and broaden the site's production portfolio by the end of this year.

    The project also positions the facility in Kruševac for potential dramatic expansion in the future, according to the company.

    Cooper calls its facility one of the "most significant U.S. investments" in Serbia.

    The work at Cooper Tire Serbia, which includes both equipment improvements and expanded space, will add 118 jobs, Cooper said.

    "Cooper Tire Serbia is substantially increasing tire production capacity at our Kruševac site, which is a key facility within Cooper's global manufacturing network," Cooper CEO Brad Hughes said in a statement.

    "This project will enable the facility to manufacture light truck tires, including 4x4 tires, and large diameter tires up to 22 inches in addition to the passenger car and sport utility vehicle (SUV) tires it currently produces," he continued.

    Cooper acquired the plant, previously operated by Trayal Corp., in early 2012 for about $17.4 million with plans to upgrade the facility which was built in 1977.

    The plant, about 125 miles south of Belgrade, is receiving approximately $8 million of incentives from the Serbian government to help with the project, the company said.

    Upgrades at the facility, which are already under way, will allow for the production of "new, larger diameter tires being demanded in Europe and other global markets," Cooper said.

    Production will increase by one-third when the project is complete later this year, Cooper said.

    The work also is creating a footprint that would allow for the further doubling of capacity in the future with additional equipment and manpower, the company said.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Average executive salaries found in Tire Talent report
    2
    Discount Tire installs RoboTire at Arizona store
    3
    Sun Auto opens stores in Nevada, California
    4
    UPDATED: Goodyear to close 'redundant' Cooper tire warehouses
    5
    Goodyear sales, earnings rise by double digits in Q2
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright Ā© 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Mid-Year Report
    • ADAS
    • News
      • OPINION
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • RUSSIA WAR IN UKRAINE
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION