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Launches, network expansion to support continued Goodyear Farm Tyres growth

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Titan International

Goodyear Farm Tires’ European growth has continued in the first full year of trading since the brand’s return to Europe. Manufactured by Titan International, which purchased the European licence for the brand in Europe in 2015, the agricultural tyre supplier has outlined plans to continue its European expansion next year. Agricultural tyres have remained more resilient than almost any other tyre segment despite the pandemic. The Goodyear Farm Tires portfolio was boosted by eight additional tread patterns and 65 new tyre sizes, helping to support its volume growth, and Titan will add a new versatile tyre described as an agriculture, turf and industrial hybrid in 2021.

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  1. Growing agri range: Goodyear tyres back on British soil
  2. Goodyear Farm Tires secures South West Tyre Services UK distribution
  3. Goodyear Farm Tires continue to grow in UK through pandemic crisis
  4. Goodyear Farm Tires’ low sidewall tech fitted to world’s largest tractor
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Titan International CAO Evans resigns

Titan International has begun the search for a new chief accounting officer after incumbent Amy Evans informed the company on Monday of her intention to leave, effective 4 December. Evans will remain chief accounting officer and a vice president of Titan International until this date. David Martin, the company’s chief financial officer, will then fulfil the remit of chief accounting officer until a successor is appointed.

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Titan International reduces debt, loss from operations

Titan International is currently in the midst of its planning process for 2021, and Paul Reitz says the company has “plenty of reasons to be optimistic.” He opines that Titan has navigated the challenges brought by the corona pandemic well and is thus positioning itself for a “stronger 2021”. The president and chief executive officer’s comments came as Titan International reported its financial results for the third quarter of 2020, a period in which it managed to reduce its net loss by more than a third compared with Q3 2019.

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Titan to Trump: We’re not the Goodyear you want to avoid

In order to prevent damage from ‘friendly fire’, Titan International Inc. has issued a statement distancing itself from the spat between US President Donald Trump and the Goodyear Tire & Rubber Company. Titan wants to make it clear that there is absolutely no link between it and the alleged Goodyear diversity training document that’s circulating on the internet.

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Goodyear Farm Tires’ low sidewall tech fitted to world’s largest tractor

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Goodyear Farm Tires

The biggest tractor in the world, the 1,100hp Big Bud 16V-747 has taken advantage of Goodyear Farm Tires’ low sidewall (LSW) technology, after it was given its first tyre change since 1977. The Titan International agricultural tyre brand supplied Big Bud with 1400/30R46 tyres, fitting eight new rims and tyres. The giant tractor is housed at the Heartland Museum in Clarion, Iowa, its home for the last seven years.

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Goodyear Farm Tires secures South West Tyre Services UK distribution

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Goodyear Farm Tires

Goodyear Farm Tires has recruited a new distributor. South West Tyre Services, based in Somerset, has added Goodyear brand agricultural products to its portfolio. The brand, manufactured by Titan International, has been building a network of distributors across the UK and Europe since returning to the market last year. Titan told Tyres & Accessories that the deal with South West Tyre Services strengthens its position in the UK agricultural market. The distributor’s range includes tyres for cars, commercial vehicles, agricultural and plant machinery.

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‘Supporting the food industry’ – Titan International’s tyre plants stay open

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Titan International, Inc., manufacturer of the Titan tyre brands as well as the Goodyear agricultural tyre lines sold in the UK, Europe and North America, says its plants are operating as normal during the COVID-19 crisis. The company describes its decision to maintain production as a “commitment to keeping its US manufacturing facilities operating as normal in order to support the food and agriculture industry.”

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Protyre becomes latest Goodyear agri range distributor

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Micheldever group company Protyre is once again distributing Goodyear agricultural tyres within the UK market. It will supply the Goodyear Farm Tires range from its 20 agricultural centres across the country; it already reports high levels of customer interest from Protyre outlets in areas such as Cumbria, Pembrokeshire, Derbyshire, Bristol and Essex.

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Blackrock increases Titan International shareholding

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According to a statement filed with the Securities and Exchanges Commission in the USA, investment management firm BlackRock Inc. has increased its shareholding in Titan International from 12.94 per cent to 14.0 per cent. The Schedule 13G form states that BlackRock now owns 8,428,280 shares in Titan International, an increase of 8.16 per cent over the shareholding it previously reported.

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Titan International takes first step to Industry 4.0 capabilities with Oracle Cloud Applications

Titan International, Inc. has started moving its core business and manufacturing processes to Oracle Cloud Applications. With Oracle Cloud Applications for finance, supply chain and manufacturing, the tyre maker will be able to take advantage of an integrated suite of applications to break down silos, quickly and easily embrace the latest advancements in machine learning and Internet of Things technology, and improve user engagement, collaboration and performance.

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Titan International sells Wheels India share

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Titan International, Inc. has reduced its shareholding in steel wheel manufacturer Wheels India Limited. It sold, via a wholly-owned subsidiary, a 10.4 per cent stake in Wheels India on 3 October, thereby dropping its share in the company from 34.2 to 23.8 per cent. Titan International intends to use the net proceeds of approximately US$19 million received from the transaction to pay down outstanding indebtedness.

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Nex Tires to distribute Goodyear Farm Tires in Spain

Nex Tires has been named official distributor for the newly-returned Goodyear Farm Tires brand in the Spanish market. The agricultural tyre supplier will stock the full Goodyear agri radial range.

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Titan International postpones ITM listing

Concerns about the affect of global trade concerns and Brexit upon Europe’s financial markets have led Titan International to postpone a potential listing of its Italtractor ITM S.p.A. (ITM) business. According to company chairman Maurice Taylor, these factors have impacted the company’s ability to suitably evaluate its strategic alternatives with respect to ITM.

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Growing agri range: Goodyear tyres back on British soil

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Grandad fitted Goodyear, your father fitted Goodyear, and now you can too, again: After being largely absent for five years, this year the Goodyear name returned to UK and European agricultural markets.

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Titan International appoints former Deere man Guinn to BoD

Max Guinn has joined the Board of Directors at Titan International, Inc. His appointment took effect 12 June 2019. Guinn was also appointed to serve as a member of the Board’s Audit Committee and as chairman of its Corporate Governance Committee.

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