Cooper Tire & Rubber Company is set to take full ownership in Corporación de Occidente (COOCSA), its joint venture tire manufacturing facility in Mexico with Trabajadores Democraticos de Occidente (TRADOC). Currently, the Ohio-based tire manufacturer has 58% ownership in the Mexican tire manufacturing facility. TRADOC, which owns 42% in COOCSA, will sell its stake to […]
French tire manufacturer Michelin has completed its previously announced acquisition of a stake of 88% in Indonesian tire manufacturer Multistrada Arah Sarana for $480 million, after securing all the required approvals. The deal was announced by Michelin in late January in a move to gain competitive production capacity of over 180,000 tons and to bolster […]