Alliance Tire Wins $4 million Caterpillar Contract

Alliance Tire Co. ltd. has signed a supply contract with Caterpillar Inc., the world’s largest manufacturer of heavy engineering equipment. Alliance Tire expects the contract to generate $4 million revenue through December 2007. According to Alliance, the relationship could create other business opportunities for the company and help it penetrate new markets.

Alliance Tire president Joseph Anglister said: “This contract opens for the company additional business opportunities overseas, expands our international deployment, and the penetration of new markets.” Shares reportedly rose 16 per cent on the day news of the contract was published.