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June 1, 2020, 8:08 a.m. EDT

Cooper Tire to restart production a Mexico plant, again

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By Tomi Kilgore

Cooper Tire & Rubber Co. /zigman2/quotes/208272667/composite CTB +7.11% said Monday that its tire manufacturing plant in El Salto, Mexico will restart production, on a limited basis. The company had reopened its Mexico plant on April 13, only to have to shut it back down on April 28 after the Mexico government determined it was a non-essential business. The tire maker said its plants in China, the U.S. and Serbia have all reopened. The stock, which was little changed in premarket trading, has gained 0.9% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.34% has tacked on 3.1%.

/zigman2/quotes/208272667/composite
US : U.S.: NYSE
$ 30.27
+2.01 +7.11%
Volume: 850,641
July 14, 2020 4:00p
P/E Ratio
19.61
Dividend Yield
1.39%
Market Cap
$1.42 billion
Rev. per Employee
$311,341
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/zigman2/quotes/210599714/realtime
US : S&P US
3,197.52
+42.30 +1.34%
Volume: 2.58B
July 14, 2020 4:20p
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