Titan Archives - Page 11 of 25 - Tyrepress

Posts

Goodyear switches Optitrac farm tyre product strategy to specific applications

Goodyear has detailed a change to the product strategy of its million-selling Optitrac range of farm radial tyres, which is to become more application focused. Commenting on these new developments to the Optitrac range, Phil Stanton, Goodyear’s Farm Tyre manager, said: “Goodyear has found that the trends in the agricultural machinery market, particularly with the high end machines, means that application specific tyres will be required in the future. The differing performance requirements of tractors and harvesters can no longer be fully satisfied by the same tyre. The 2 new ranges of tyres will clearly segment our OPTITRAC product line into specific tyres for tractors and for harvester machines and will have features that will provide the performance benefits demanded by the operators of these machines.”

21st March 2011/by Tyrepress Editors

Titan Goodyear unveils three radial implement lines

Three new radial implement tyre ranges for the North American market have been introduced by Titan Goodyear Farm Tires. Known as the FS34, the Muck Master Radial and the Super Flot Radial, all three offer the usual benefits of radial construction plus a large contact area for better flotation and less soil compaction.

18th March 2011/by Tyrepress Editors

Cooper Tire appoints new chief of legal department

As of April 4, Stephen Zamansky will succeed Jim Kline in the position of vice president, general counsel and secretary at Cooper Tire & Rubber. Kline will retire on May 31, 2011 after leading Cooper’s legal department for eight years. In his new role, in which he reports directly to company chairman, CEO and president Roy Armes, Zamansky will oversee Cooper's legal affairs, environmental affairs, and corporate governance and compliance functions.

16th March 2011/by Tyrepress Editors

Titan introduces Goodyear Optitrac R+

Titan International’s acquisition of Goodyear’s European and Latin American agricultural tyre business has given the US tyre maker access to agricultural products designed at the Goodyear Innovation Center in Colmar Berg, Luxembourg – including the Goodyear Optitrac R+. In March 2011 Titan Goodyear Farm Tires announced its introduction of a tyre that has proven popular with European farmers during the past five years.

8th March 2011/by Tyrepress Editors

Q4 2010 better than expected for Titan

Titan International returned to the black last year after recording a year-end net income of US$0.4 million, boosted by a final quarter that was, as described by company chairman and CEO Maurice M. Taylor Jr., “better than what we thought it was going to be.” In 2009 the United States based off-road tyre maker experienced a net loss of $24.6 million. Net income in this ‘better than expected’ fourth quarter amounted to $0.7 million; a year earlier Titan International made a loss of $30.7 million in the final quarter. Titan reached its annual net result on the back of sales of $881.6 million, a year-on-year increase of 21.1 per cent, and operational income of $40.9 million. Fourth quarter 2010 sales were $232.7 million, up 58.8 per cent year-on-year, while the quarter’s gross margin was up from a loss of $0.8 in 2009 to $26.0 million last year.

25th February 2011/by Tyrepress Editors

Titan to raise US aftermarket farm, construction tyre prices

Titan Tire, the US subsidiary of Titan International, has announced that it will increase its aftermarket prices for its Titan and Goodyear branded farm and construction tyres from 1 April. On the back of raw materials, energy and transportation costs tyre prices will increase by up to 8 per cent, though Titan also stated that “certain tyres’ prices may rise in excess of 8 per cent due to realignment and positioning of the product.” The rise will affect tyres shipped on or after the date of the increase.

15th February 2011/by Tyrepress Editors

January 12 Set as Record Date for Elgi Amalgamation

The Bombay Stock Exchange reports that on December 16 the Madras High Court of Judicature passed an order approving a scheme of amalgamation and arrangement between Elgi Rubber Company Limited and Treadsdirect Limited and Elgi Rubber International Limited and Titan Tyrecare Products Limited and Treadsdirect (India) Limited. This order was received by the company on December 29, 2010, and January 12 has been fixed as the record date to determine equity shareholders of the Company entitled to receive one Elgi Rubber International Limited equity share for every five equity shares held in the company.

4th January 2011/by Tyrepress Editors

2011 to be Titan’s “Best Year Ever,” says Taylor

Ahead of a company conference call scheduled for December 9, Titan International chairman and CEO Maurice M. Taylor Jr. declared “2010 has been a great building year for Titan and I believe that 2011 will be our best year ever from what I see today.”

8th December 2010/by Tyrepress Editors

Titan Ups Tyre Prices, “Repositions” Products

Blaming the continuing upwards momentum of natural rubber and other raw materials costs, in addition to increased transportation costs, Titan Tire has announced that its tyres and Titan manufactured, Goodyear branded farm tyres will increase by “up to 8 per cent”, though some products will supersede this rate of growth “due to repositioning of the product”.

24th November 2010/by Tyrepress Editors

Titan and Unions Extend Negotiation Period

The United Steelworkers (USW) has extended its contracts with Titan Tire at facilities in Bryan, Ohio, Des Moines, Iowa, and Freeport, Illinois, while negotiations for a new contract proceed.

Both sides reported progress in the current negotiations, but that there is much left to accomplish. As a result, the parties reached an agreement to extend the current contracts through 17 December so that negotiations may continue.

19th November 2010/by Tyrepress Editors

Titan 3Q Results “Better Than Expected”

Sales at Titan International amounted to US$222.8 million during the third quarter of the 2010 financial year, representing a year-on-year increase of 57 per cent. This improved result was accompanied by a gross profit of $27.9 million and a net income of $4.0 million. Year-to-date, the company’s sales have increased 12 per cent year-on-year to $648.9 million, while net income has reached $10.8 million.

8th November 2010/by Tyrepress Editors

Titan-USW Contracts at 3 US Plants Under Discussion

Titan Tire and the United Steelworkers Union are to negotiate a new contract covering Titan’s three US tyre plants, reports Tire Review. Union representatives from Titan plants in Bryan, Ohio; Freeport, Illinois; and Des Moines, Iowa, are in Merrillville, Indiana, where the talks will be held. The USW contract with Titan that expires on 19 November lasted four and a half years.

21st October 2010/by Tyrepress Editors

Titan Announces Final Results of Tender Offer

Titan International reports that at the expiration time for its eight per cent senior unsecured notes offer on October 1, 99.2 per cent of the outstanding principal amount had been validly tendered – a sum totalling US$138,884,000. The company accepted and paid for $138,874,000 aggregate principal amount of its senior notes, as per a previously announced early settlement election, and subsequently accepted for purchase and paid for an additional $10,000 principal amount of senior notes that were tendered on or prior to the expiration time.

5th October 2010/by Tyrepress Editors

Titan Adds New Mining Haul Truck Tyre to Meet Industry Growth

Titan Tire has introduced a new 27.00R49-sized mining haul truck tyre to meet what it believes is increasing worldwide demand on the back of increased mining activity. The Titan DTE4 radial OTR tyre has a deep lug tread pattern to increase traction and longevity. A popular size for use in coal mining and quarry applications, the tyre is designed with an open tread pattern to promote self-cleaning.

21st September 2010/by Tyrepress Editors

Titan Prices to Rise

Prices for Titan branded aftermarket OTR tyres will rise be approximately three to ten per cent when the company’s latest planned price increases are implemented on October 1, 2010. Titan Tire Corporation says this price adjustment will offset rising raw material, energy and transportation costs, and the company warns that “certain tyre prices” may rise in excess of ten per cent due to product realignment and positioning.

6th September 2010/by Tyrepress Editors