Titan International has entered into a definitive agreement for the sale of its Australian wheel business, to OTR Tyres, a local leading national tire, wheel and service provider. The closing date is expected to be Thursday, March 31, 2022.
Yokohama Rubber’s ATG (Alliance Tire Group) business segment generated record sales revenue and business profit in 2021 as OEM and after-market demand for off-highway tires bounced back.
Titan International has announced Titan employees represented by the United Steelworkers have voted to ratify new three-year contracts applicable to Titan's operations located in Bryan, Ohio, (Local 890), Freeport, Ill., (Local 745) and Des Moines, Iowa (Local 164).
The Yokohama Rubber Co. has announced that it has decided to invest in additional production capacity at the Visakhapatnam Plant now under construction in India in order to further expand the production capacity of Yokohama Off-Highway Tires (YOHT).
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.