Cooper Tire Establishing Global Technical Center to Drive Advanced Tire and Material Technologies

  Cooper Tire Establishing Global Technical Center to Drive Advanced Tire and
  Material Technologies

 $2.8 Million Ohio Third Frontier Industrial Research and Development Center
     Program (IRDCP) Grant Awarded to Cooper for Center in Findlay, Ohio

Business Wire

FINDLAY, Ohio -- June 23, 2014

At an event today, Cooper Tire & Rubber Company officially announced its
upcoming Global Technical Center (GTC), a $35.5 million leading worldwide
center of excellence for tire science and technology, advanced technology and
innovation technology, that will ultimately employ 40 scientists and
engineers, many of whom will be in highly specialized technical roles. The GTC
will be located in Cooper’s headquarters community of Findlay, Ohio at the
site of its existing North America Technical Center (NATC). The GTC is
expected to be fully operational by the end of this year.

Cooper Chairman, Chief Executive Officer and President Roy Armes and Vice
President, Global Research and Development Chuck Yurkovich explained at
today’s event that the GTC will have a dedicated R&D team focused on exploring
areas such as nanotechnology and new polymers and compounds. The GTC, which is
under the direct leadership of Cooper’s Global Technical Center Director Curt
Selhorst, will support Cooper’s NATC as well as the regional technical centers
of its subsidiaries including Cooper Tire Asia's Technical Center (ATC) in
Kunshan, China and Cooper Tire Europe's Technical Center (ETC) in Melksham,

“Technology and innovation are critical in the tire industry,” Armes said.
“Technology drives the development of new products that deliver improved
performance, environmental advantages and safety benefits for today’s drivers.
At Cooper, we’ve seen how new products that resonate with our dealers and
consumers can give our companies a competitive advantage, and with the GTC, we
are building on our already strong capabilities to pursue the newest
technologies to drive our business—and perhaps the tire industry as a
whole—into the future.”

Yurkovich added that advanced technologies developed at the GTC will be
provided to the companies’ regional technology centers around the world for
final product development and industrialization. “Our focus is on developing
‘ready to use’ advanced technologies that help us expedite the product
development cycle and allow Cooper to create innovations in Findlay and deploy
them to meet regional customer and market needs around the world,” he said.
“We are able to develop and launch world-class products more rapidly each
year, while continuing to place an emphasis on enhanced tire performance,
lightweight tire materials, rolling resistance and fuel economy, wet and dry
grip, and reduced tire and vehicle noise. The GTC will help Cooper and its
subsidiaries around the world stay ahead of the curve in a very competitive
tire industry.”

The State of Ohio has committed to supporting the project with a $2.8 million
Third Frontier Industrial Research and Development Center Program (IRDCP)
grant to be paid over the next several years as Cooper fulfills its GTC
equipment, development and hiring goals. David Mustine, Senior Managing
Director of JobsOhio, who spoke at today’s event, said that Cooper’s decision
to locate the GTC in Ohio demonstrates the power of public/private
partnership. “Cooper could have located the Global Technical Center anywhere
in the world, and indeed heavily considered its options as the company already
has technology capabilities across three continents,” Mustine said. “We were
committed to understanding and supporting the needs of this great Ohio company
— now in its 100th year — as it continues to grow, create jobs and remain
competitive in a truly global business."

About Cooper Tire & Rubber Company

Cooper Tire & Rubber Company (NYSE: CTB) is the parent company of a global
family of companies that specialize in the design, manufacture, marketing, and
sales of passenger car and light truck tires. Cooper has joint ventures,
affiliates and subsidiaries that also specialize in medium truck, motorcycle
and racing tires. Cooper's headquartersis in Findlay, Ohio, with
manufacturing, sales, distribution, technical and design facilities within its
family of companies, located in 11 countries around the world. For more
information on Cooper, visit,,

About JobsOhio

JobsOhio is a private, non-profit corporation designed to drive job creation
and new capital investment in Ohio through business attraction, retention, and
expansion efforts. Learn more at


Cooper Tire Contact:
Anne Roman, 419-429-7189
JobsOhio Contact:
Matt Englehart, 614-300-1152
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