Cooper Tire & Rubber Company Europe Limited, a subsidiary of Cooper Tire & Rubber Co., has announced that it will enter a ten month consultation period to explore ceasing light vehicle tire production at its Melksham site in Wiltshire, England.
According to Jaap van Wessum, General Manager, Cooper Tire Europe, “It is essential for Cooper to be globally competitive in the tire industry. To deliver on our strategic growth objectives, we must produce quality light vehicle tires in high volumes and at a competitive cost. Unfortunately, the Melksham site is an older, smaller facility that does not offer economies of scale and it is the highest cost facility in the global Cooper network. Due to facility age and location in the center of town, it is our current view, subject to consultation, that it is not economically feasible to modernize or expand there for light vehicle tire production.”
Read the full press release here.