Cooper Standard plan is planning to establish a new manufacturing facility in Craiova, Romania, for its automotive body sealing and fluid handling business, becoming one of Ford’s suppliers.
“This is yet another example of Cooper Standard’s strategy to support our global customers as they expand around the world. In addition to initially supporting Ford, our new Romanian operations will offer sealing and fluid handling products to our other global customers,” said Keith Stephenson, COO at Cooper Standard.
The site will house Cooper Standard’s manufacturing operations and offices. At fully capacity, the operation is slated to employ more than 150 people.
Cooper Standard, headquartered in Novi, Michigan, is a leading global supplier of systems and components for the automotive industry. Products include body sealing systems, fluid handling systems and anti-vibration systems. The company posted a profit of USD 45 million for the first trimester of 2011.