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You are here: Home1 / Titan International

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Titan International: Strong 2022 results, India concerns

Company News, International News

Titan International, Inc. has reported record turnover and profitability during the 2022 financial year. While the US-based manufacturer of OTR tyres and wheels increased its net sales by 21.9% to US$2.2 billion, income from operations jumped by more than 141% to $205.8, almost doubling the return on sales to 9.5%.

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Related news:

  1. Titan: Russia-Ukraine war hasn’t impacted global operations
  2. Titan receives additional settlement put option notice
  3. Mahansaria Tyres (MTPL) to buy Tyres International
  4. Mixed feelings about Russia? – Titan International sends letter to Biden
28th February 2023/by Stephen

Mixed feelings about Russia? – Titan International sends letter to Biden

Company News, International News

In its most recent quarterly report, US-based off-highway tyre manufacturer Titan International, Inc. reports owning 64.3% of Russian tyre maker Voltyre-Prom, with the Russian Direct Investment Fund the remaining shareholder. Yet this connection with Russia hasn’t stopped Titan raising its voice against indirect imports of Russian petroleum products into the USA. Together with the United Steelworkers union, Titan has even sent a letter to Joe Biden.

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Related news:

  1. Voltyre-Prom: Key shareholder announces aim to sell stake in tyre maker
  2. Titan receives additional settlement put option notice
  3. War as a sales opportunity: Titan subsidiary increasing volumes in Russia
  4. Titan International: No further investments in Russian operation
27th February 2023/by Stephen

Titan takes on investor relations advisor

Company News

Off-highway segment specialist Titan International, Inc. has appointed Alpha IR Group its new investor relations advisor. In this capacity, Alpha IR will support Titan and its investor relations activities as well as broaden awareness of Titan within the financial community.

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Related news:

  1. Titan International sells Wheels India share
  2. Titan International joins Russell 3000 Index
  3. Results exceeded expectation: Titan International’s Q3 2021
  4. Titan begins CNH Industrial global supply deal
10th February 2023/by Stephen

Titan International in a “great position” despite impending recession, says Taylor

Company News

Although the USA is “heading fast toward recession” and inflation “continues to be a problem,” Titan International chairman Morry Taylor expects that some companies “will not be affected by the Big R in a big way.” Demand for large equipment continues to outstrip supply and Taylor anticipates farmers turning a profit. Against this backdrop, Titan expects Q3 2022 revenue of approximately US$540 million.

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Related news:

  1. Titan receives additional settlement put option notice
  2. ‘Supporting the food industry’ – Titan International’s tyre plants stay open
  3. Maurice Taylor: Don’t overlook Titan
  4. Titan: Russia-Ukraine war hasn’t impacted global operations
7th October 2022/by Stephen

Taylor: Titan team can handle whatever comes their way

Company News, International News

Commenting on the “best ever” second quarter that Titan International, Inc. (TWI) reported this year, Morry Taylor has congratulated company president and chief executive officer Paul Reitz and his team on an “outstanding job.” He credits the team with results so good that “the Board of Directors expected that TWI stock would rise, instead of the 16 per cent drop that happened.” TWI has declined in value from US$16.29 per share on 25 August to $12.64 yesterday.

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Related news:

  1. Titan’s opens oil sands tyre reclamation facility – plans similar setups in Australia, Chile
  2. Looking forward to level playing field – Titan International testifies in duty hearing
  3. Titan International sells Wheels India share
  4. Global situation giving Titan International its ‘best’ future
9th September 2022/by Stephen

Universal solution: Titan International debuts Ultimate Flex Technology

Product News

Titan International has evolved the agricultural tyre technology seen in Increased Flexion (IF) and Very High Flexion (VF) tyres and has combining this with conventional tyre construction to create what it says is a “universal solution” for tyre replacements. It is introducing this Ultimate Flex Technology (UFT) at the Farm Progress 2022 show in the USA next week.

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Related news:

  1. Goodyear Farm Tires’ low sidewall tech fitted to world’s largest tractor
  2. Ag super single tyres to gain ground from tracks – Titan International
  3. Growing agri range: Goodyear tyres back on British soil
  4. Goodyear Farm Tires introduces ‘hybrid’ R14
26th August 2022/by Stephen

Global situation giving Titan International its ‘best’ future

Company News, International News

Taking stock of recent business at Titan International, Inc. (Titan or TWI), chairman of the board Morry Taylor opined that the company’s future is “the best it’s ever been.” He credits this happy situation to a number of global trends.

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Related news:

  1. Maurice Taylor: Don’t overlook Titan
  2. Titan International closes RDIF put option transaction
  3. Titan International sells Wheels India share
  4. Titan International: No further investments in Russian operation
30th May 2022/by Stephen

Titan International: No further investments in Russian operation

Company News, International News

Although Russian tyre maker Voltyre-Prom recently spoke of potential opportunities arising from the war in Ukraine and related international implications, majority shareholder Titan International confirms it will not be investing in this business any time soon. Details of Titan’s relationship with the Russian operation were set out in the US-based firm’s 10-Q financial report for Q1 2022 and further commented on during a teleconference held on 3 May.

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Related news:

  1. War as a sales opportunity: Titan subsidiary increasing volumes in Russia
  2. Voltyre-Prom: Key shareholder announces aim to sell stake in tyre maker
  3. Titan: Russia-Ukraine war hasn’t impacted global operations
  4. Titan International closes RDIF put option transaction
5th May 2022/by Stephen

War as a sales opportunity: Titan subsidiary increasing volumes in Russia

Company News, International News

While other tyre makers are distancing themselves from Russia and moving production capacities elsewhere at present, Titan International Inc.’s subsidiary in Volzhsky, Volgograd Oblast has announced plans to increase its production volumes. Voltyre-Prom, which is majority owned and managed by the Illinois, USA-based off-highway tyre specialist, states that the current situation “opens up new opportunities” for it to increase production volumes and sales.

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Related news:

  1. Voltyre-Prom: Key shareholder announces aim to sell stake in tyre maker
  2. Titan receives additional settlement put option notice
  3. Titan International closes RDIF put option transaction
  4. Titan: Russia-Ukraine war hasn’t impacted global operations
13th April 2022/by Stephen

OTR Tyres buys Titan International’s Australian wheel business

Company News, International News

Titan International, Inc. has entered into a definitive agreement to sell its Australian wheel business to OTR Tyres, a Western Australia-based tyre, wheel and service provider. It anticipates closing the deal on 31 March 2022.

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Related news:

  1. Titan International net sales up 18% in Q2 2018
  2. Bridgestone finalises Otraco acquisition
  3. Looking forward to level playing field – Titan International testifies in duty hearing
  4. Voltyre-Prom: Key shareholder announces aim to sell stake in tyre maker
30th March 2022/by Stephen

Titan begins CNH Industrial global supply deal

Company News

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.

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Related news:

  1. Growing agri range: Goodyear tyres back on British soil
  2. Voltyre-Prom: Key shareholder announces aim to sell stake in tyre maker
  3. ‘Supporting the food industry’ – Titan International’s tyre plants stay open
  4. Maurice Taylor: Don’t overlook Titan
25th March 2022/by Stephen

Titan: Russia-Ukraine war hasn’t impacted global operations

Company News, International News
Voltyre-Prom; Titan International

OTR tyre specialist Titan International, which owns the Voltyre-Prom tyre manufacturing operation in Russia, is bracing itself for “the potential impact of bans, sanction programs, and boycotts…” due to Russia’s recent invasion of Ukraine. However, deep in the detail of Titan’s strong fourth-quarter 2021 reports which were published today (3 March 2022), executives affirm that “the impact of the military conflict between Russia and Ukraine has not had a significant impact on global operations”.

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Related news:

  1. Titan receives additional settlement put option notice
  2. Voltyre-Prom: Key shareholder announces aim to sell stake in tyre maker
  3. Titan International closes RDIF put option transaction
  4. Sanction-hit tyremaker Belshina patriotic amid war in Ukraine
3rd March 2022/by Chris

Titan supplying Kubota-branded tyres as OE

International News

Titan International, Inc. has entered into an exclusivity agreement with Kubota Tractor Corporation and Kubota Canada Limited, the Japanese agricultural machinery company’s businesses in North America. The agreement will see Titan Trac Loader II tyres fitted in selected sizes on Kubota products. These tyres will be branded with both the Titan and Kubota names on the sidewall.

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Related news:

  1. ‘Supporting the food industry’ – Titan International’s tyre plants stay open
  2. Titan to Trump: We’re not the Goodyear you want to avoid
  3. Titan appoints new director
  4. Titan International cutting wheel production at its Saltville plant
2nd February 2022/by Stephen

Titan International shares up 49% after market consolidation reports

Company News, International News

What a difference a month makes. Titan International shares are trading 49 per cent higher now than they were before Christmas. The difference? The news that competitor Trelleborg is in talks with “external parties” relating to the sale of its Trelleborg Wheel Systems (TWS) industrial/OTR tyre business and subsequent market comments publish by Titan chairman Morry Taylor.

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Related news:

  1. Titan receives additional settlement put option notice
  2. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  3. Titan International sells Wheels India share
  4. Trelleborg confirms acquisition interest from ‘external parties’
10th January 2022/by Chris

Trelleborg confirms acquisition interest from ‘external parties’

Company News, International News
Trelleborg

Following our coverage of Yokohama’s offer for Trelleborg Wheel Systems, the tyre and wheel manufacturer’s Swedish parent company Trelleborg AB has confirmed that “external parties have shown interest to acquire Trelleborg’s business area Trelleborg Wheel Systems”. At the same time, Titan International offered its view on third-party interest in Trelleborg Wheel Systems.

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Related news:

  1. Maurice Taylor: Don’t overlook Titan
  2. Yokohama offers US$2 billion for Trelleborg Wheel Systems as global off-highway tyre segment consolidates
  3. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  4. Yokohama consolidates OTR tyre businesses into Yokohama Off-Highway Tires
4th January 2022/by Chris
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