Titan International : to Consolidate North American Wheel Manufacturing Facilities
January 03, 2017 at 06:37 pm
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QUINCY, Ill., Jan. 3, 2017/PRNewswire / -- In an effort to take advantage of production capacities, Titan International will relocate key wheel production from its Saltville, Virginiamanufacturing facility to its North American wheel division headquarters in Quincy, Illinois.
As the world's leading off-the-road wheel manufacturer, Titan continues to be committed to the mining industry. 'We're consolidating production in order to more effectively serve our key mining customers, providing them the innovative wheel solutions they've come to depend on,' stated Paul Reitz, Titan President and CEO. 'During this transition, our customer service and support teams are committed to ensuring that our customers experience minimal service or production interruptions. As the mining market returns, Titan will evaluate moving production back to the Saltville, Virginiafacility.'
Company description: Titan International, Inc. (NYSE: TWI), a holding company, owns subsidiaries that supply wheels, tires, assemblies and undercarriage products for off-highway equipment used in agricultural, earthmoving/construction and consumer applications. For more information, visit www.titan-intl.com.
SOURCE Titan International, Inc.
For further information: Todd Shoot, Treasurer / VP, Investor Relations, (217) 221-4416
Titan International Inc. published this content on 03 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 January 2017 23:37:05 UTC.
Original documenthttp://titan-intl.investorroom.com/2017-01-03-Titan-International-Inc-to-Consolidate-North-American-Wheel-Manufacturing-Facilities
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Titan International, Inc. is a global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. The Company's segments include agricultural, earthmoving/construction and consumer. Its agricultural wheels, tires, and components are manufactured for use on various agricultural equipment. The earthmoving/construction segment manufactures wheels, tires, and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military, construction, and forestry equipment, including skid steers and aerial lifts. The consumer segment manufactures bias truck tires in Latin America and light truck tires in Russia. The Company also offers select products for ATVs, side-by-sides, rock climbers, turf, and lawn and garden. This segment also includes custom rubber stock mixing sales to a variety of OEMs in tangential industries. It manufactures and sells certain tires under the Goodyear Farm Tire, Titan Tire and Voltyre-Prom Tire brands.