Titan, Goodyear alter Latam truck tyre agreement
In its recent second quarter results announcement, Titan International reported the termination of the truck tyre off-take agreement held with Goodyear since its purchase of Goodyear’s Latin America agricultural tyre business last year. Under the terms of the original deal, which was to run for three years, Titan would produce cross-ply light and medium truck tyres for Goodyear at its plant in São Paulo, Brazil and supply these at below market prices.