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Research
Publication Date: 17 Jan 2020 - By Robert P. By Robert P.Equity Fundamental Equity USA Automotive
CTB - A company losing market share in a largely commoditized industry with capacity growth that is outpacing demand.
Cooper Tire is the 13th largest manufacturer of tires and 5th biggest in North America. It goes to market under a host of brands, along with some private label. Largely operates in the replacement market and ~90% of revenues are derived from light vehicles (passenger and light truck). United States is nearly 80% of revenues, followed by China at 8%.
