Strong demand prompts Titan to up 2011 projections

The sales and EBITA guidance issued by Titan International on May 19 has been revised, with increases made to both figures. In a September 28 press release announcing these alterations, Titan chairman and CEO Maurice Taylor stated: “Agriculture is booming, mining is hot and construction is rebounding.

“Based on the current demand in our markets, I am revising our latest sales projections for 2011 to be approximately US$1.40 billion from the previous $1.20 to $1.35 billion issued in May,” Taylor continued. “Revised EBITDA goals will range from approximately $175 to $200 million, an increase from the May projections of $135 to $155 million.  Business at Titan is going strong as we enter into the second half of 2011 and we look forward to 2012 with much optimism based on demands of our customers and the potential growth for the company.  We are in a great position to grow and take advantage of opportunities to lead in our markets worldwide.”