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Sailun Jinyu becomes new parter in Cooper Tire’s GRT in China

Sailun Jinyu becomes new parter in Cooper Tire’s GRT in China

Cooper Tire will have a new partner in China for production of truck and  bus radial tyres. Sailun Jinyu Group Co is acquiring a 35% stake in The China-based Qingdao Ge Rui Da Rubber Co. Ltd. (GRT) from Qingdao Yiyuan Investment Co., Ltd. (QYI)

Cooper owns 65 % of GRT and has been a partner in the joint venture since 2016.

“GRT has been a highly successful partnership for Cooper, ramping up quickly and producing high-quality TBR tyres under the Roadmaster and Cooper brands for global markets. The partnership with QYI has been a productive one, and we expect a smooth transition to our new partner, Sailun Jinyu Group. We have an existing relationship with Sailun through an offtake agreement with Sailun Vietnam’s operation in Tay Ninh to produce Roadmaster brand TBR tyres. We look forward to working with Sailun Jinyu Group to continue to meet customer needs in the growing TBR market,” said Cooper President & Chief Executive Officer Brad Hughes.

Zhong Xue Yuan, President and Chairman for Sailun Jinyu Group, said: “We are pleased to become a partner to Cooper in the GRT joint venture and admire the work that has been done at the facility to make it operational quickly and with a focus on quality and safety. We intend to continue the great work being done at GRT and will lend our considerable tyre industry expertise to drive further success at GRT in partnership with Cooper.”

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