Cooper Tire & Rubber Company is the parent company of a global family of companies that specializes in the design, manufacture, marketing, and sale of passenger cars, light trucks, medium trucks, motorcycles, and racing tires. It focuses on the manufacture and sale of passenger and light truck replacement tires. Cooper's headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design operations within its family of companies located in more than one dozen countries around the world. As of 2019, the company has 9,027 employees and a revenue of $2,753 million.
Business in Serbia
"Cooper Tire & Rubber Company Serbia" d.o.o is a subsidiary of Cooper Tire & Rubber Company, which operates a tire manufacturing plant in the city of Kruševac. The facility was acquired by Cooper in January 2012 and currently produces passenger car and SUV tires primarily for Europe and other global markets.
Besides, the company plans to add 118 new jobs. With this investment, Cooper Tire Serbia will be able to produce new, larger diameter tires demanded in Europe and other global markets. Total annual production capacity at the Kruševac plant will increase by approximately one-third after this expansion.
• 2019 Revenue in Serbia - $82.84 million
• Number of employees – almost 1.000 (992 - 30th September 2020)
„We have continued to invest in Serbia not only because of the nation’s significant economic potential, but also for its quality workforce, geographical advantages and Serbian government support. We have steadily grown our presence in Serbia since 2012, including investment in a substantial increase to our production capacity in 2020. We anticipate further expansion of that capacity in coming years as we continue to envision a bright future for Cooper Tire in Serbia.”.
Philip F. Kortokrax Senior Vice President, Global Operations & Procurement