Titan Installing New Presses to Increase Farm Radial Capacity

The growing demand for large radial agricultural tyres is behind Titan Tire’s decision to install ten new 130-inch cure presses. Plans are underway to install the equipment by the first quarter of 2009, and the company says that if demand is sufficient, and additional ten presses could be installed in the second quarter of 2009.

“The reason for this expansion in curing capacity is two-fold,” said Titan chairman and CEO Maurice M. Taylor Jr. “One, Titan has promised its major customers that there should be no shortages of radial tyres; and two, Titan believes that tyre sizes will continue to grow. To our knowledge, 130-inch presses have not been produced in the USA, until now. These presses will be American made. We anticipate this multi-million dollar expansion to be paid for out of current cash flow.”