Cooper Tire Loses $29 Million Due to China Strike
Cooper Tire recently issued a report stating that the strike action by the Chinese joint venture party resulted in a loss of $29 million in the three months of 2013. The strike mentioned by Cooper took place at Cooper Chengshan Tire Company in Shandong Province. Last summer, the company’s seven-month strike caused Apollo India’s tireless bid for 2.4 billion US$. Cooper has up to a quarter of its revenue and profits from Cooper Chengshan. In Cooper's delayed third-quarter revenue report, it said that the strike caused the company to lose US$22 million in lost production, and further lost US$7 million due to “inefficient productionâ€. The company also generated US$5 million in this quarter. Costs related to failed acquisition transactions. At the same time, due to the impact of the strike, Cooper Tire's third-quarter sales fell 25% year-on-year to US$832 million; operating profit shrank by almost 80% from 2012 to US$28 million. From July to September 2013, Cooper reported a net loss of US$168,000, compared with a net profit of US$74 million in the same period of last year.
Material Selection:
1. Frame: 2MM thicknesses cold-roll Stainless steel.
2. Motor: Germany SEW brake motor (outer), power 0.75KW, power supply 220V.
3. Control system: Imported Japan Mitsubishi converter and PLC to control of electric box (150%1HZ)
4. Opening & closing speed: 0.6-1.5m/s (adjustable).
5. Safety Device: Korea Photocell Sensor, emergency stopping reaction when sensing obstacles.
6. Curtain: France high-density polyester fiber and the surface coating processing, thickness 0.8MM, variety colors can be chose: Red, yellow, blue, green, orange, gray, white, transparent, etc. Tensile strength: 4000/3500N/5cm, tear strength 600/600N. Fire-proofing level: German standard DIN75200 Usage temperature: -30 ° C +70 ° C.
7. Wind resistant: The Aluminium alloy Reinforce Girder to increase wind resistant effect.
8. Curtain replacement function: Aluminium alloy Reinforce Girder is loaded between 2 pieces Curtain, can be replaced easily if any curtain broken, save your cost.
9. Transparent window: 1.2MM thickness transparent PVC window, size and location is up to your request, more safer.
10. Seal: Seal brush are Installed inside the guides, and the special bottom design, to fit any uneven ground.
11. Cotrolling way: Push button + radar sensor, very convenient.
12. Limiting Switch: Mechanical limiting switch, easily and exactly.
13. Emergency STOP: With emergency stop button on control panel, can stop easily by
Hand once disconnect or accident
14 Fault recovery function: All Hongfa's production is with fault recovery function, system will self-recovery after power cut off.
15. Delivery time: About 7 business days with contract and deposit confirmed.
16. Pyament item: 50% before production, and the other 50% before shipment.
17. Warranty Details: We provide 12 months warranty for all doors and accessories (except man-made disasters, Irresistible natural disasters, ect^).
We have many professional engineers with rich experience, qualified products, perfect service system, and good cooperation relationship with many famous companies.
High Speed Stacking Door, High Speed Stack Door, PVC high speed stacking door, Rapid stacking door, Fast stacking door SHENZHEN HONGFA AUTOMATIC DOOR CO., LTD , https://www.hongfarrud.com