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July (2020)
CooperStandard: Finalises Divestiture of Certain Operations in Europe and India Link...
Cooper-Standard Holdings has completed the divestiture of its European rubber fluid transfer and specialty sealing business, as well as its Indian operations to Mutares SE & Co. KGaA. The transaction includes two manufacturing facilities in Poland, one manufacturing facility in each of Spain and Italy, and all of the Company's operations in India, excluding the Company's corporate IT development office located in Chennai. The divestiture of non-core operations will enable Cooper-Standard to improve profitability and focus resources in areas with greater potential for profitable growth.
May (2020)
CooperStandard: Agrees to Divest Certain Operations in Europe and India Link...
Cooper-Standard Holdings Inc has signed an agreement to divest its European rubber fluid transfer and speciality sealing businesses as well as its Indian operations to Mutares SE & Co. KGaA. The agreement includes approximately 2,500 employees and two manufacturing facilities in Poland, one manufacturing facility in both Spain and Italy, and all of the Company's operations in India, excluding the Company's corporate IT development office located in Chennai. Completion is expected by end of second quarter 2020.
January (2020)
CooperStandard: Advances Diversification Strategy with Three New Fortrex™ Technology Development Agreements Link...
Cooper Standard's Advanced Technology Group has announced three new agreements to jointly develop commercial applications of its proprietary Fortrex™ chemistry platform. Two agreements are with consumer goods companies and the other is with an industrial goods company. Six agreements in total have been signed in 2019. Fortrex™ is Cooper Standard's innovative chemistry platform used to create lightweight elastomeric materials that offer significant performance advantages over EPDM synthetic rubber, TPV and many other materials in terms of weight reduction, compression set, weathering and durability.
November (2019)
CooperStandard: Implementing Additional Restructuring and Cost Reduction Initiatives Link...
Cooper Standard is implementing additional restructuring and cost reduction actions in addition to those already announced and implemented in 2018 and the first half of 2019. Additional initiatives include the transition to a global organisation structure, resizing of the SGA and engineering functions and structural cost reductions through the closure of 10 facilities.
January (2019)
CooperStandard: Supplying Fortrex™ to 2020 Ford Explorer Link...
Cooper Standard is supplying its Fortrex™ lightweight elastomeric material to the newly introduced (sixth generation) Ford Explorer. As well as static sealing systems, Cooper Standard is also supplying this vehicle with engine cooling hose assemblies (including e-motor and battery) as well as transmission oil cooler hose assemblies.
December (2018)
CooperStandard: Licenses its Fortrex Material Science Platform to Global Material Formulator PolyOne Corp Link...
Cooper Standard has licensed its proprietary Fortrex™ material platform to PolyOne Corp., a provider of specialized polymer materials, services and solutions. With its extensive commercial resources, customer base and materials science capabilities, PolyOne can now sell Fortrex™-based formulations into select markets within key consumer and industrial segments, including applications in electrical / electronics, healthcare and complex industrial products. Cooper Standard exclusively retains all rights to Fortrex™ in its product lines.
November (2018)
CooperStandard: Divesting Anti-Vibration Systems Business to Continental AG Link...
Cooper Standard have announced that they have reached an agreement regarding the divestiture of its anti-vibrations systems (AVS) business to Continental AG. The agreement includes a binding offer from Continental AG to purchase substantially all of Cooper Standard's anti-vibration business in France and its respective interest in the joint venture in India on the basis of which the parties will pursue signing of an agreement in the next few weeks, once works council consultations have taken place. Completion of the divestiture is subject to the approval of the respective antitrust authorities and the signature of the aforesaid agreement for the French business.
CooperStandard: Planning to Sell Anti-Vibrations Business Link...
Cooper Standard's company management have approved a plan to sell its Anti-Vibrations business. The sale is expected to be complete within a year of the approval.
July (2018)
CooperStandard: Agrees to Acquire Lauren Manufacturing and Lauren Plastics Link...
In order to expand the reach of the Industrial and Speciality Group, Cooper Standard have agreed to acquire Lauren Manufacturing and Lauren Plastics, subject to regulatory approvals. The acquired companies are extruders and moulders of sealing solutions for industrial and speciality automotive applications.
June (2018)
CooperStandard: Groundbreaking for New Rubber Mixing Facility in Mexico Link...
In order to localise mixing capabilities and support continued growth in Mexico, Cooper Standard have recently celebrated the groundbreaking of its new mixing facility in Aguascalientes, Mexico. The new facility, which represents an $11 million investment, supports the Company's mission to accelerate innovation while delivering world-class quality with speed and efficiency. It is expected that the facility will begin operations in early 2019 and ultimately employ about 100 employees at full capacity.
May (2018)
CooperStandard: Acquires LS Mtron's Automotive Parts Business Link...
Cooper Standard has acquired 80.1% of LS Mtron's automotive hose business in South Korea.
September (2017)
CooperStandard: Opening Dedicated Industrial Specialty Group Facility Link...
Cooper Standard has opened a facility in Sherbrooke, Quebec which has consolidated three existing Industrial Specialty Group (ISG) facilities. This will allow expansion of ISG product offering in the extrusion (EPDM) non-automotive market covering industrial, commercial and specialty vehicles.
August (2017)
CooperStandard: Increased Future Offtake for Fortrex Static Seals Link...
Cooper Standard's Q2 report indicates that they have received a second significant contract for their Fortrex premium static sealing system products. These products provide significant weight savings and performance improvements versus traditional EPDM and TPV based sealing systems.
August (2016)
CooperStandard: Acquires Automotive Fuel & Brake Business of AMI Industries Link...
Novi, Michigan: Cooper Standard is acquiring the automotive fuel and brake business of AMI Industries. With an HQ in Michigan, AMI operates manufacturing plants in Michigan, Indiana and China. The Chinese portion of the deal is subject to regulatory approval.
CooperStandard: Opens New India HQ and Technical Centre Link...
Cooper Standard celebrated the opening of its new India headquarters and technical centre in Pune, India, on 26 Aug. CooperStandard now operates 32 facilities in the Asia-Pacific region: 11 in India, 13 in China, five in South Korea, two in Japan and one in Thailand.
June (2016)
CooperStandard: Expanding Manufacturing Footprint in France Link...
Cooper Standard has started an expansion project in France to upgrade its sealing systems unit in Vitre and to build a new purpose built antivibration unit in Rennes.
August (2015)
CooperStandard: Poised for Growth with Two New Facilities in China Link...
Cooper-Standard Holdings Inc the parent company of Cooper-Standard Automotive Inc. ("Cooper Standard"), today unveiled two new facilities in China. The Company unveiled its second Kunshan facility, a manufacturing and test center, dedicated to fluid transfer and fuel and brake delivery systems. Later this week, the company will host an opening ceremony at its new facility in Shenyang, which will produce sealing systems.
February (2015)
CooperStandard: Becomes Largest Chinese Automotive Sealing Manufacturer Link...
Cooper-Standard Automotive Inc announced the completion of its purchase of Huayu Automotive System Co.'s share in Huayu-Cooper Standard Sealing Systems Co., Ltd. Cooper Standard is now 95 percent equity owner of the business with 5 percent retained by the Shanghai Zhaotun Collective Assets Managing Co. "The completion of this purchase further solidifies Cooper Standard's role as the leading sealing systems supplier in the global automotive industry," said Jeffrey Edwards, chairman and CEO, Cooper Standard. "Our expanded presence in China is a key element of our profitable growth strategy and allows the company to fully support our customers on global platforms and capitalize on growth opportunities in the region." As a result of the transaction, Cooper Standard is now the largest automotive sealing manufacturer in the domestic Chinese market with nine manufacturing facilities and two technical centers, including its recently opened Asia Pacific Technical Center and headquarters in Shanghai.
CooperStandard: Consolidates North Carolina Operations to Optimize North American Footprint Link...
CooperStandard Automotive Inc announced it will consolidate its Goldsboro, N.C. facilities into one to improve its competitive position in North America and invest in the remaining location to bring it in line with world-class facilities that meet key metrics set forth by both the company and its customers. The company plans to consolidate manufacturing operations from its 207,000-square foot facility located at 280 Woodland Church Road into its 167,000-square foot facility located at 308 Fedelon Trail Road. Some of the business will also be moved to other Cooper Standard locations in North America. The transition will begin immediately and is slated for completion in late 2015 to early 2016. As a result of the consolidation, approximately 300 employees, including contract and some permanent workers, will be affected, with 400 employees remaining at the Fedelon Trail facility
January (2015)
CooperStandard: Restructuring of its European Operations Link...
Cooper-Standard Automotive Inc announced its intention to restructure its European manufacturing footprint based on current and anticipated market demands. The restructuring effort aims to further improve Cooper Standard's European capability by removing excess capacity, improving cost structure and shifting some production to its Eastern European facilities. Actions include consolidation of operations to improve efficiencies and closure or downsizing of certain facilities with high costs and unutilized capacity in Western Europe, including Germany and France. Cooper Standard expects to complete these restructuring activities by the end of 2017. The actions announced today are subject to consultation with employee works councils and other approvals.
September (2014)
CooperStandard: To Become Majority Owner of Largest Chinese Automotive Sealing Manufacturer Link...
Cooper-Standard Automotive Inc announced it has agreed to purchase an additional 47.5 percent of Huayu-Cooper Standard Sealing Systems Co., Ltd., its joint venture with Huayu Automotive Systems Co. Upon completion, Cooper Standard will become the 95 percent equity owner of the business, while 5 percent will be retained by the Shanghai Zhaotun Collective Assets Managing Co.
This acquisition is anticipated to close in the first quarter of 2015 and is subject to Chinese regulatory and other approvals.
August (2014)
CooperStandard: Forms JV with INOAC Expanding Reach of Fluid Transfer Systems in Asia Pacific Link...
Cooper-Standard Automotive Inc announced that it is forming a joint venture with INOAC Corp. of Japan expanding the reach of Cooper Standard's fluid transfer systems products in the Asia Pacific automotive market. Upon closing, expected in the third quarter of 2014, Cooper Standard would own 51 percent and INOAC would own 49 percent of the joint venture named Cooper Standard INOAC Pte. Ltd. Staffing, asset acquisition and other activities are scheduled to begin in September 2014.
July (2014)
CooperStandard: Opens New Asia Pacific Technical Center in Shanghai Link...
Cooper-Standard Automotive Inc demonstrated its commitment to global expansion in the Asia Pacific region during the grand opening event for its new Asia Pacific Technical Center in Shanghai, China. The Company's Asia Pacific headquarters will also relocate from Kunshan, China to the new Shanghai facility.
March (2014)
CooperStandard: Global Expansions Link...
Cooper Standard has nearly completed its new Serbian plant and is establishing plants in Bawal and Sanand, India as well as expanding its Mexican facility.
October (2013)
CooperStandard: New Manufacturing Facility - Romania Link...
Cooper Standard has announced plans to establish a new body sealing and fluid handling plant in Craiova, Romania.
April (2011)
CooperStandard: Majority Share JV with Barre-Thomas, France Link...
Cooper Standard has signed an agreement to establish a JV combining Cooper's French body sealing operations with those of Barre-Thomas.
March (2011)
CooperStandard: Expansion of JV with Nishikawa Rubber Co Ltd. Link...
Cooper Standard announced a MOU with Nishikawa Rubber Co Ltd for expansion of the existing relationship between the companies to provide a more global alliance. The expansion includes Cooper Standard acquiring 20% of Nishikawa's Thai operation and Nishikawa obtaining a minority stake in Cooper Standard's Polish operation.
February (2011)
CooperStandard: Hose Manufacturing Facility Closure - Bowling Green, Ohio Link...
Cooper Standard Automotive announced closure of its hose manufacturing facility at Bowling Green, Ohio. Equipment will be integrated into other Cooper Standard facilities.
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