6/23/14 3:46 p.m.
Cooper Tire reannounced their Global Technology Center Monday afternoon. Roy Armes, CEO and President of Cooper, said creating such a center for the company keeps it relevant in an ever-changing global tire market.
Audio: Roy Armes
The center will cost over 35 million dollars and will be ready by the end of the year. A portion of the money to fund the project will come from the state, which has committed just under 3 million dollars through an industrial research and development center program grant.
Armes said Cooper is planning to hire about 40 scientists and specialists to work in the new facility which will be housed in the current North American Technology Center on Cooper’s Findlay campus just off Lima Avenue.
Cooper’s Vice President for Global Research and Development Chuck Yurkovich said Cooper has revamped 75 to 80 percent of their tire portfolio since 2007 in another effort to stay ahead of the competition.
Though Cooper had other options for location for their technology center, Findlay Mayor Lydia Mihalik is grateful they chose Findlay.
Audio: Lydia Mihalik
State Representative Robert Sprague was also on hand and thanked the company for choosing Findlay to house the new facility over the stiff competition from Europe and Asia.
The center was originally announced a few years ago but was put on hold after a potential buy-out from Indian company Apollo Tyre was in the works. Cooper terminated the buy-out agreement late in 2013.
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