Apollo buys USA's Cooper Tires s becomes worlds 7~(th) largest tire company

摘要

The biggest news to hit the global rubber and rubber producing industry recently broke in mid-June, was the announcement that Apollo Tyres Ltd., the Indian tire giant, had signed an agreement to acquire US tiremaker Cooper Tire & Rubber for $2.5 billion. The deal will make Apollo the world's seventh-largest tire manufacturer and will further reduce its dependence on a slowing Indian market. Ohio-based Cooper, the world's 1 1th biggest tire company, has annual sales of $4.2 billion.