Titan begins CNH Industrial global supply deal
Titan International, Inc. has entered into a three-year agreement to supply various CNH Industrial production sites with agricultural tyres and wheels manufactured at its plants in Europe and the Americas. This supply contract to the manufacturer of the Case IH, New Holland and Steyr agricultural machinery brands is valued at approximately US$400 million, assuming current exchange rates and raw material pricing levels.
“We are pleased to enter into this agreement to work closely with CNH around the globe to provide them with our quality, innovative products that are proven to perform well in diverse applications,” comments Paul Reitz, president and chief executive officer of Titan International. “We have had a strong, long-standing relationship with CNH and we are glad to strengthen it further with this long-term agreement.”