An increase in off-highway tire sales and a stronger gain in profitability helped Yokohama Rubber post record earnings in the group’s financial year to the end of December 2019.
Titan International announced that on Oct. 3, 2019, through one of its wholly-owned subsidiaries, the company completed the sale of shares of Wheels India Ltd. in on-market trades on the National Stock Exchange of India Ltd. The sale reduces the company's indirect ownership interest in Wheels India from approximately 34.2% of the outstanding shares of Wheels India to approximately 23.8%.
The impact of weather and international trade relations on U.S. farm production and profitability is such that executives at Balkrishna Industries, manufacturer of BKT tires for agricultural and other off-highway applications, are in no rush to pursue plans for a new plant in the U.S.
The 2016 acquisition of Alliance Tire Group (ATG) by Yokohama Rubber is proving a sound strategic and financial investment judging by latest reports from the Japanese group.
U.S. tire and rim maker Titan International is to pay $25 million in cash and issue $25 million in shares to satisfy a settlement put option exercised by one of two fellow shareholders in Voltyre-Prom, a Russian agricultural and industrial tire operation.
Senior executives at Titan International worked during the Christmas and New Year holiday period to secure approvals for issuing stock to a co-shareholder in its Russian tire manufacturing operation to meet a settlement put option.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.