Titan to Lay Off More Workers at Quincy Plant
Titan International will be laying off more workers at its factory in Quincy, Ill, after laying off workers in May. “All major agriculture equipment manufacturers have been reducing employment levels over the past year,” said a Titan spokesperson. “Just last week one of our major customers announced it had to lay off over 100 workers
Titan Restarts Production of Goodyear ATV, UTV tires
Titan Tire Corp. is restarting production of Goodyear ATV and UTV tire designs for the first time since 2009. Titan entered into an agreement with Goodyear in August 2014 to produce nearly 70 sizes and styles of Goodyear ATV tires out of its Freeport, Ill., facility. “There’s a growing customer demand for high-quality, American-made tires
Titan Sales, Profit Down
Titan International saw a decrease in sales and gross profit for 2014. The tiremaker reported a 12% decrease in sales year over year to $1.895 million. The company also reported a gross profit of $140.6 million for 2014 versus $295.2 million for 2013. Titan’s biggest challenges for business sales were in the agriculture, construction and
2015 FinOvation Award Winners Announced
Farm Industry News has named 20 recipients of its 2015 FinOvation Award. Among those companies chosen for the award were Titan Tire Corp.’s Goodyear Farm Tires brand, Trelleborg Wheel Systems Americas and PTG of Germany. The award is presented to those products and companies that received the most interest from the publication’s readers throughout 2014.
Oil Spill At Titan Facility Affects Local Wildlife
Lubricating oil from Titan Tire Corp.’s Bryan, Ohio tire facility spilled into a nearby creek on Jan. 3, 2015, injuring approximately 400 waterfowl, according to The Toledo Blade. According to the company, the release has been contained and the company is actively addressing the incident. Titan hired Tri-State Bird Rescue & Research Inc. to oversee
Titan’s Taylor Addresses Profits, Market Outlook
While there were traces of nuggets included, there was no over-arching news attached to the 1,300-word market update statement issued Oct. 16 by Titan International chairman and CEO Morry Taylor. With the company due to report its third quarter 2014 results on Oct. 28, and its stock trading below $10 per share (as of Oct.
Titan Launches Promo for Goodyear Farm Tires
Goodyear farm tires, a Titan Tire Corp. brand, has launched several new communication platforms to connect with farmers. As these channels gain followers, Titan will reward the farming community by making in-kind donations to the Future Farmers of America. “Supporting FFA is something we take very seriously, and in 2014 alone, we have raised more
Now Titan Has a PSI App For That
Titan Tire Corp. has launched a new mobile app under its Goodyear brand that calculates optimum inflation pressure of radial farm tires based on tire size, application and axle weight.
Four New Goodyear Ag Tires from Titan
Titan Tire has launched four new Goodyear branded low sidewall (LSW) tire/wheel assemblies for tractors, combines and sprayers. The new tires will make their debut at the Farm Progress Show.
Titan Continues Cuts at Plant
Titan International is cutting additional jobs at its Freeport, Ill., tire plant. The tiremaker will cut roughly 25 maintenance and production jobs next week, according to reports. This is the third round of cuts Titan has made at the plant this year. In August, the tiremaker cut 48 workers and in June, 36 employees were
Titan’s Newest Board Member Holds 14%
In a series of transactions, recently seated Titan International board member Mark Rachesky acquired another 490,775 shares in the tire and wheel maker. The July 28-30 transactions give Rachesky direct control of an estimated 14% of Titan. Rachesky, who was added to the Titan board just a few months ago, made the transactions directly as
Titan Cuts Another 48 at Illinois Plant
Titan International plans to lay off another 48 workers at its Freeport, Ill., tire plant. The move follows the lay off of 36 employees at the plant in June. Titan said that downturns in its core OTR and ag tire segments is the reason behind the employment moves. “We all know the economy hasn’t been