Cooper Tire & Rubber Co. announced it has closed on the agreement announced Nov. 1, 2019, to increase ownership in its Mexico joint venture tire manufacturing facility, Corporación de Occidente S. A. de C.V. (COOCSA), from 58 percent to 100 percent.

“Full ownership of COOCSA is part of our strategic plan to optimize Cooper’s global manufacturing footprint with cost-competitive production of quality tires in key geographies,” said Cooper President & CEO Brad Hughes. “We are excited to continue working with the team in Mexico as we look forward to enhancing the facility’s global competitiveness in the tire industry.”