Titan International, Inc., a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the fourth quarter and year ended December 31, 2022.
Titan International has devised a means to simplify the tire industry with their Ultimate Flex Technology. Rather than manufacture tires for Conventional, IF and VF sizes, the UFT combines all the technologies behind those tires into one tire. The same tire can be set up for whatever need the buyer has, allowing for ease of use and a reduction in inventory space as only one type tire is needed rather than the prior three different applications.
Titan International, Inc., a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the second quarter ended June 30, 2022.
According to a June 17 report from Morningstar, Titan International has entered a "global long-term agreement" to supply John Deere with wheels and tires.
"I have never seen a market like this. TWI's order books are full through 2022 and 2023 could be even better," said Titan International Chairman of the Board Morry Taylor.
"We were able to pick up right where we left off in 2021 with another stellar quarter to begin the year," stated Paul Reitz, president and chief executive officer.
Titan International, Inc. and CNH Industrial N.V. have entered into a three-year agreement to supply farm wheels and tires manufactured in Titan's North America, South America and European plants to various CNH Industrial manufacturing locations.
"Our fourth quarter was a continuation of our strong performance throughout the year and adds up to an excellent 2021 as we increased sales by an astounding $521 million," commented Paul Reitz, president and chief executive officer.
Titan International, Inc. and Kubota Tractor Corp./Kubota Canada Ltd. have entered into an exclusivity agreement on select sizes of Titan’s new Trac Loader II tires for compact and utility tractor models used in residential, commercial, agricultural and light construction applications.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market.
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