Alliance Tire Wins $4 Million Caterpillar Contract - Tire Review Magazine

Alliance Tire Wins $4 Million Caterpillar Contract

(Clacton, U.K./Tyres & Accessories) Alliance Tire Co. Ltd. has signed a supply contract with Caterpillar Inc., the world’s largest manufacturer of heavy engineering equipment.

Alliance Tire expects the contract to generate $4 million revenue through December 2007. According to Alliance, the relationship could create other business opportunities for the company and help it penetrate new markets.

Alliance Tire president Joseph Anglister said: “This contract opens for the company additional business opportunities overseas, expands our international deployment, and the penetration of new markets.” Shares reportedly rose 16% on the day news of the contract was published.

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