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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 470
Company Information
Name: Cooper Tire and Rubber Company
Industry: Tires
Description: Cooper Tire & Rubber Company is a manufacturer of replacement tires and original equipment automotive components. Cooper Tire, the segment that is comprised of Cooper's tire and related businesses, focuses on the sale of passenger and light truck replacement tires. It also manufactures radial medium truck tires and materials and equipment for the truck tire retread industry. Cooper-Standard Automotive, the segment that includes all of Cooper's automotive components business, designs and manufactures automotive body sealing products and produces noise, vibration and harshness control products and fluid handling systems for the automotive industry.
Financial Summary: Cooper Tire & Rubber is engaged in the conversion of natural and synthetic rubbers into a variety of carbon black reinforced rubber products, including tires, inner tubes, vibration control products and hose assemblies. For the 6 months ended 6/30/05, revenues rose 4% to $1.02B. Net loss from cont. ops. totaled $7.5M vs. an income of $11.1M. Results reflect lower sales from international tire operation, offset by lower gross profits margins.
Business Summary: Cooper Tire & Rubber Company (Cooper) is engaged in the production and marketing of various replacement tires. The Company focuses on the manufacture and sales of passenger and light-truck replacement tires. It also manufactures radial medium-truck tires and materials and equipment for the truck tire retread industry. Cooper's products are sold throughout the United States and in certain foreign markets primarily to independent tire dealers, wholesale distributors, regional and national retail tire chains, as well as large retail chains that sell tires. The Company's operations are organized into two separate, geographical business segments: North American tire operations and International tire operations. In December 2004, the Company sold its automotive business, Cooper-Standard Automotive. In January 2005, Cooper reached an agreement with Kumho Tire Co., Inc. (Kumho) of Seoul, Korea, to acquire approximately 11% of its common equity.
Misc Details
Symbol: CTB
City: Findlay
State: OH
ZIP Code: 45840
Address: 701 Lima Avenue
Phone: 419-423-1321
Fax: 419-424-4108
Website: http://www.coopertires.com
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