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Titan puts Italtractor subsidiary up for sale

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Titan International, Inc. has engaged Goldman, Sachs & Co. to advise on the sale of its Italtractor ITM S.p.A. subsidiary on 25 April 2016. The news follows the announcement that the firm had established a special committee of its board of directors to review and analyze the issues relating to the possible sale of ITM. These moves and the language of the legal disclaimers attached to the official statements announcing them suggest Italtractor is now well and truly up for sale.

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Related news:

  1. Italtractor ITM for sale? Titan International is considering its options
  2. Titan International looking at potential ITM listing
  3. Titan International postpones ITM listing
  4. Titan International sells Wheels India share
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Titan’s opens oil sands tyre reclamation facility – plans similar setups in Australia, Chile

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On 29 March, Titan International subsidiary Titan Tire Reclamation Corp. officially opened its oil sands facility in Fort McMurray, Canada. Titan International estimates that the operation, when fully operational, will be able to convert 240,000 pounds (108.9 tonnes) of scrap tyres to approximately 13,600 gallons (61,800 litres) of oil 52,800 pounds (23.9 tonnes) of steel and 76,800 pounds (34.8 tonnes) of carbon black each day.

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Related news:

  1. Looking forward to level playing field – Titan International testifies in duty hearing
  2. Titan International board becomes NACD Full Board Member
  3. Titan International sells Wheels India share
  4. Titan to reduce employee headcount following disappointing Q1 performance
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Goodyear agri tyre sales under way in Europe, production to follow

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During a conference call yesterday, Titan International chief financial officer John Hrudicka confirmed that sales of Goodyear agricultural tyres in Europe had commenced, with initial orders being supplied from the US. “The early reception to the re-entry of Goodyear is very encouraging and demonstrates the brand still holds tremendous value in Europe,” he commented.

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Related news:

  1. Titan International shares LSW planting test results
  2. Growing agri range: Goodyear tyres back on British soil
  3. DT818 And DT824 Complete Goodyear’s Optitrac Product Family
  4. Goodyear Farm Tires secures South West Tyre Services UK distribution
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Titan announces Goodyear Optitorque agricultural tyre range

An all-new Goodyear agricultural tyre, the Optitorque, has been launched in the North American market. So far no word has been given on plans to market the Optitorque in Europe, however Titan International’s acquisition of the rights to distribute Goodyear agricultural tyres within the region makes its introduction over here a very real possibility.

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Related news:

  1. Ag super single tyres to gain ground from tracks – Titan International
  2. Goodyear agri tyre sales under way in Europe, production to follow
  3. Titan International shares LSW planting test results
  4. Growing agri range: Goodyear tyres back on British soil
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Titan appoints T&C Site Services as UK dealer

Titan Distribution UK Limited, a subsidiary of Titan International, Inc., has appointed Stoke-based earthmover tyre specialist, T&C Site Services as a new dealer for the UK. The partnership is intended to offer far greater access to Titan industrial, construction and mining tyres to customers throughout the region.

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Related news:

  1. Titan appoints new SVP, North America president and interim CFO
  2. Titan International net sales up 18% in Q2 2018
  3. Titan receives additional settlement put option notice
  4. Titan’s First 63-OTR Tyre Ready
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