Cooper Tire & Rubber Buys Serbian Trayal’s Car Tire Division
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Cooper Tire & Rubber Co., a U.S. tiremaker, will buy a Serbian maker of car tires and pledged to increase production sixfold within a few months.
Cooper will take over a unit of Trajal Korporacija AD from Brikel EAD of Bulgaria for $13 million and invest as much as $50 million, Serbian Economy Minister Nebojsa Ciric said today after signing the agreement, mediated by the government, in Belgrade today.