Cooper Tire & Rubber Co. celebrated its 100th anniversary Thursday with the news it will resume plans to locate a $40 million global technology center in Findlay and add 40 high-quality jobs.
“We’re really, really happy about being able to reinstitute that and get that going again,” said Roy Armes, Cooper Tire chief executive officer.
The state has “reconfirmed” a $2.8 million grant to help Cooper locate its first worldwide technology center on the second floor of its existing regional technical center on the west side of Summit Street, he said.
The state controlling board on Monday also is expected to approve a $400,000 grant to Findlay for some intersection improvements related to Cooper Tire’s expansion. The Sandusky Street-Western Avenue intersection reportedly could get a traffic signal, and the Sixth Street-Blanchard Street intersection could get some left-turn lanes.
Cooper Tire’s plans for the global technology center were announced, and the grant initially awarded, early in 2013. It all was put on hold when Apollo Tyres of India made a bid last June to buy Cooper Tire. That proposed deal fizzled out by year-end.
It is unclear when the global technology center will be completed. Armes’ announcement, which came at an employee and retiree celebration of the company’s 100th anniversary, was a surprise.
Courier business reporter Lou Wilin will have more on Friday.