FINDLAY, Ohio—Cooper Tire & Rubber Co. is reviving work on a $35.5 million Global Technical Center at its headquarters in Findlay, which it now hopes to have open by year-end.
Cooper announced the project originally in February 2013 saying at that time the development was contingent on receiving $2.8 million in funding from the state of Ohio's Third Frontier program.
Adding the Global Technical Center in Findlay would create up to 40 openings for specialized engineers and scientists, Cooper said.
The tire maker will hold a ceremony on June 23 to mark the occasion. Roy Armes, Cooper CEO and president, Chuck Yurkovich, vice president, global research and development, and David Mustine, senior managing director, JobsOhio, are scheduled to speak.
Cooper said in early 2013 the GTC would occupy an unused floor of the tire maker's North American tech center in Findlay.
The revival of the project comes just days after Cooper opened a $23 million Asia Technical Center at the site of its Cooper (Kunshan) Tire Co. Ltd. venture in Kunshan, China.
The tire maker spends about 1.5 percent of its annual revenue on R&D, according to its financial statements.