FINDLAY, Ohio — Cooper Tire Co. said it will stop production at its Texarkana plant today and Monday due to lower demand for the tires made there.
Production cutbacks are company-wide, Findlay, Ohio-based Cooper said in a statement.
A member of the union that represents employees at Texarkana’s Cooper plant said workers were told they will not be paid for the two-day shutdown and that they should expect more temporary halts in production this year.
Cooper plants have been temporarily idled at other times during the second quarter of the year because of lower demand for tires and projected shortages of some raw materials, the company said.
Demand for tires has been affected by declining new-vehicle sales and fewer replacement tire purchases. Last month, Cooper reported a 92 percent drop in its first-quarter profit amid increasing material prices, product liability costs and a slump in demand. (Courtesy of Tire Review)