Farm and industrial tire executive Maurice Taylor is relinquishing day-to-day management of Titan International to Paul G. Reitz, who has added the chief executive officer’s role to that of president of Titan.
Off-road tire maker, Titan International, confirmed that it is laying the groundwork for a cooperative venture in Russia. It also added an “I told you so” about the current tire supply that sent its stock price into a dive.
While European farm tire manufacturers target North America for growth, Goodyear Tire & Rubber Co. has given up on its production facilities in the European agricultural market as it proposes to close a manufacturing facility in France with the loss of 1,200 jobs.
“Titan’s growth this year will be over 50% from last year and we will have an opportunity to match that growth next year." - Maurice Taylor, CEO and chairman.
Improving sales of big farm tires should help lift Titan International sales in the sector, which in the company’s first quarter was down about 19% compared with 2009.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.