Cooper Tire Opens New Whiteland, Indiana Distribution Center

Rhea-AI Summary

Cooper Tire & Rubber Company has officially opened a new regional distribution center in Whiteland, Indiana, covering 1 million square feet. This facility enhances Cooper's product storage capacity and optimizes operational efficiency. According to Mike Calabro, Executive Director of North America Supply Chain, the center will improve logistics and customer service. The transition of the workforce from the former Franklin distribution center supports a seamless operation. This center is part of Cooper's North America distribution network, which includes various other facilities.

Positive

• The new Whiteland distribution center increases product storage capacity and operational efficiency.
• Improved logistics are expected to enhance customer service.
• The workforce from the former Franklin center has successfully transitioned to the new location.

Negative

• None.

Today, Cooper Tire & Rubber Company announced the opening of its Whiteland, Indiana regional distribution center. Located at 2400 Whiteland Rd., the newly opened 1 million-square-foot facility will provide Cooper with additional capacity for product storage and a modern design for optimizing operations.

“As we strive to meet customer needs and continue providing outstanding customer service, this new, larger distribution center positions Cooper to navigate logistic requirements faster and more efficiently,” said Mike Calabro, Executive Director – North America Supply Chain for Cooper. “We are also pleased the workforce from our former distribution center in Franklin, Ind. has transitioned with us to this new location.”

“Throughout the entire process, from site selection to finished construction, the support we received from the town of Whiteland as well as Real Estate investment firm Mohr Capital has been tremendous,” continued Calabro.

First announced in June 2020, the new Whiteland distribution center replaces Cooper’s Franklin, Indiana distribution center which was located just minutes away. The Whiteland facility is one of six regional distribution centers operated by Cooper in the U.S., and part of the company’s North America distribution network which also includes three plant manufacturing warehouses and two mixing warehouses.

About Cooper Tire & Rubber Company

Cooper Tire & Rubber Company (NYSE: CTB) is the parent company of a global family of companies that specializes in the design, manufacture, marketing and sale of passenger car, light truck, medium truck, motorcycle and racing tires. Cooper's headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design operations within its family of companies located in more than one dozen countries around the world. For more information on Cooper, visit www.coopertire.com, www.facebook.com/coopertire or www.twitter.com/coopertire.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210520005032/en/

FAQ

What is Cooper Tire's new facility in Whiteland, Indiana?

The new facility is a 1 million-square-foot regional distribution center aimed at enhancing product storage and operational efficiency.

How will the Whiteland distribution center impact Cooper Tire's operations?

The center is expected to improve logistics, allowing Cooper Tire to meet customer needs more efficiently.

What does the new distribution center replace?

It replaces Cooper's former distribution center in Franklin, Indiana.

When was the Whiteland distribution center first announced?

The distribution center was first announced in June 2020.

What is Cooper Tire's stock symbol?

Cooper Tire's stock symbol is CTB.