Sales Up, Profits Posted, Titan Eyes 73.5-Inch Tire - Tire Review Magazine

Sales Up, Profits Posted, Titan Eyes 73.5-Inch Tire

(Akron/Tire Review) Titan International posted record first-half sales of $436.6, up 22% from the same period last year, but dropped only $2.5 million in net profits for the period, down from a $14.2 million net profit in the first half of 2006.

Titan said its total sales for second quarter 2007 were $210.3 million, up 20% from the $175.2 million in sales posted for the second quarter of 2006. Net income for the quarter was $5.0 million, down slightly from 2006’s $5.6 million.

“The second quarter has been very exciting for Titan, said Morry Taylor, Titan’s chairman and CEO. “Our sales are up, as they should be from last year’s acquisition. We are expanding our OTR business and adding new OTR products by expanding capacity in Freeport, Ill. While this is happening in Freeport, certain farm tires are being transferred to our Des Moines facility.”

Titan is expanding its capacity to build 57- and 63-inch earthmover tires, with production slated to start by mid-2008.

“Titan has put together an engineering team to not only develop the 63-inch tires, but also a new 73.5-inch 15-degree tire and wheel to improve wear and performance,” Taylor said. “I believe that by producing these tires, Titan will show our customer base that we are the best, and making the wheel with the tire is what sets Titan apart from everyone else. We plan to produce sample 63-inch tires in first quarter 2008. The 73.5-inch tire will follow.”

You May Also Like

SRNA introduces new field engineer manager

Chariarse has extensive experience in his field, working as a commercial truck field engineer in the tire industry for the past 21 years.

SRNA-Eduardo-Chariarse

Sumitomo Rubber North America (SRNA), a subsidiary of Sumitomo Rubber Industries, has promoted Eduardo Chariarse to field engineer manager. According to SRNA, Chariarse has extensive experience in his field, working as a commercial truck field engineer in the tire industry for the past 21 years. Joining SRNA in 2021 as a field engineer, he has been responsible for the coordination, implementation, and reporting of tire evaluations, troubleshooting, and providing technical support to fleets, dealers and the sales team.

Bridgestone to debut Bandag Virtual World Tour at WasteExpo 2024

The Bandag Virtual Plant Tour is an internet browser-based experience that provides a step-by-step walkthrough of Bandag’s retreading process.

Bandag-virtual-tour-Bridgestone
Giti Tire Manufacturing awarded by Chester County Chamber of Commerce

Giti Tire said it has been a supporter of education, organized farmer’s markets and participated in community food drives.

Giti-Chamber-Award
Is the future of TPMS technology blue(tooth)?

TPMS hasn’t changed much since it was mandated in 2007, but Bluetooth sensors could be a welcome update for drivers and shops.

Bluetooth-TPMS-1400
Hunter HD Elite Wheel Balancer: Handling large custom wheels

The Hunter HD Elite Wheel Balancer can accommodate large custom 4×4 wheels with ease.

hunter-balancer-dropfit-1400

Other Posts

Atturo Tire secures Cubs Radio sponsorship for 2024 season

In addition to the in-game sponsorship of stolen bases, Atturo will run audio commercials during game day broadcasts throughout the season.

Cubs-Atturo-sponsorship
LT tire segment trends and growth expectations

There are some key trends dealers need to be aware of across the different LT tire categories when selling to customers.

TR-Continental-lttires
RNR Tire Express opens nominations for 2024 Mother’s Day Giveaway

This year’s event includes $100,000 in prizes, as well as a new 2024 Buick Encore for one select nominee.

RNR-Mothers-Day-giveaway
Two Chapel Hill Tire locations earn the Blue Seal of Excellence

The Blue Seal of Excellence is a mark of distinction bestowed by the National Institute for Automotive Service Excellence (ASE).

Chapel-Hill-Tire-Atlantic-Avenue-in-Raleigh