Titan Tire to Raise Prices in March

Titan Tire Corporation, a subsidiary of Titan International, has announced price increases for its Titan branded OTR, agricultural and construction tyres, and Titan manufactured Goodyear branded agricultural tyres. These price rises will take effect March 1, 2010, and will in most cases incorporate an increase of up to six per cent. Titan comments, however, that “certain tyre prices may rise in excess of six per cent due to realignment and positioning of the product.”

“As the economy begins to emerge from the global economic crisis, we have seen added pressure on input costs,” said Jeff Vasichek, vice president of sales and marketing. “While we may see additional pricing pressure in the future, we continue to focus on customer needs in our markets.”