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Sprayer Applications Targeted by New Goodyear Agri tyre

North American agricultural machinery operators can now take advantage of a new Goodyear Farm Tires range specifically designed for high clearance, self-propelled sprayers. Known as the ‘Ultra Sprayer’, the tyre features tread bars engineered to carry heavy sprayer loads and a wider lug to promote longer wear characteristics as compared to conventional tractor tyres. These design features, says Goodyear Farm Tires parent company Titan Tire, also provide more stability and a better ride when travelling from field-to-field at road speeds up to 30 mph. A significant increase in lug surface area helps improve lug wear, Titan adds, while increases in lug bracing and surface area combine to deliver improved durability, even under heavier loads. This design is also said to offer superior traction in the field.

29th March 2010/by Tyrepress Editors

Titan to Pay Q1 Dividend

Titan International’s Board of Directors has approved a quarterly cash dividend of US$0.05 per common share for the first quarter of 2010. The cash dividend is payable April 15, 2010, to stockholders of record on March 31, 2010.

18th March 2010/by Tyrepress Editors

Titan Doubling Common Stock

Titan International’s shareholders voted to double the company’s common shares offered on the stock market, reports Tire Review. The board revised Titan’s articles of incorporation to increase the number of common stock shares form 60 million to 120 million. Titan said 86 per cent of shareholders voted in favour of the move. Titan chairman and CEO Morry Taylor said the new shares will “allow the company additional flexibility for possible business opportunities.”

5th March 2010/by Tyrepress Editors

Low Sidewall Titan Loader Tyre Offers Cost Savings

During a conference call on February 25, Titan International chairman and CEO Maurice Taylor Jr. disclosed that the company intends to produce its first 73.5-inch low sidewall OTR tyres by April. Prototype 73.5 steel wheels have already been produced at Titan’s wheel production facility in Quincy, Illinois, and preparations for the tyre are now underway at the company’s Bryon, Ohio factory.

2nd March 2010/by Tyrepress Editors

Latest Titan Product Meets Unique Rice & Cane Needs

The specialised requirements of rice and cane farming are being addressed by the latest Goodyear Farm Tires product. Parent company Titan Tire Corporation reports its engineers have worked together with rice and cane farmers and with Bobby Henard Tire, a Titan and Goodyear brand dealer located in Brinkley, Arkansas in order to develop the new Goodyear Special Sure Grip TD-8 Radial R-2 480/80R50, a tyre it says allows rice and cane farmers to plant in 30-inch rows helping to maximise crop yields. In addition, Special Sure Grip is said to provide additional crop clearance and improved flotation in wet fields, and the extra lug bracing provides strength for the horsepower needed in rice and cane conditions.

1st March 2010/by Tyrepress Editors

Down Market Gives Titan $300 Million Sales 2009 Drop

Extended OEM shutdowns and downturns in its core markets led US company Titan International to a $300 million sales fall-off in 2009, reports Tire Review. Titan posted 2009 sales of $727.6 million, as compared to $1,036.7 million in 2008. Net loss for the year was $24.6 million, compared to net income of $13.3 million in 2008.

25th February 2010/by Tyrepress Editors

Titan Releases Goodyear DT 930 Agri Tyre

Goodyear Farm Tires, a Titan Tire Corporation brand, has introduced a new tyre the company says is suited to wet conditions. To help it achieve this wet condition operability, the DT 930 TM in size 1100/45R46 features a low sidewall (LSW) aspect ratio.

11th February 2010/by Tyrepress Editors

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.”

18th January 2010/by Tyrepress Editors

Titan Gains ISO 9001:2008

Titan Tire Corporation has attained the new ISO 9001:2008 certification with Design Standards for the company’s facilities in Des Moines, Iowa; Freeport, Illinois; Bryan, Ohio; Dublin and Pendergrass, Georgia. “Independent testing is an important step in fulfilling our customer satisfaction goals,” said Titan Tire president Bill Campbell. “This certification affirms the quality of the design, manufacture, assembly and distribution of Titan tyres, tyre and wheel assemblies and brakes and actuators.” The company has held ISO certification since 1994.

15th January 2010/by Tyrepress Editors

S&P Lowers Titan International Outlook

On December 22 Standard & Poor’s lowered its outlook on Titan International, citing the tyre maker’s higher debt levels. The outlook was lowered to “negative” from “stable.” All of the company’s ratings, including its junk-grade “B+” corporate credit rating, were affirmed.

5th January 2010/by Tyrepress Editors

Titan Doubles Convertible Senior Notes Offer

Titan International’s December 13 offering of US$75 million aggregate principal amount Convertible Senior Subordinated Notes, due 2017, has been increased to $150 million aggregate principal amount. The offer’s terms and conditions remain as previously announced.

Titan says it intends to use the proceeds from the offering for general corporate purposes, including financing potential future acquisitions and repayment of existing debt obligations.

16th December 2009/by Tyrepress Editors

Titan to Offer Convertible Senior Subordinated Notes

Titan International has reported its intention to offer US$75 million aggregate principal amount of its Convertible Senior Subordinated Notes, due 2017, in a private offering. The company says it intends to use the proceeds from the offering for “general corporate purposes”, including financing potential future acquisitions and repayment of existing debt obligations.

14th December 2009/by Tyrepress Editors

US Court Orders Review of China OTR, Ag Tyre Duties

Several media sources are now reporting that last year’s ruling by the US Department of Commerce that slapped often huge antidumping duties on certain OTR and farm tyres imported from China will get another look. On September 18, the US Court of International Trade ordered the Commerce Department to review its ruling and the countervailing duties it applied to a host of tires imported from China. The court said the Commerce Department’s duty calculations were in error, and in cases were effectively double what they should have been. The court gave the Commerce Department 90 days to clear up the duty discrepancies. Tyres & Accessories/tyrepress.com first reported this story on 25 September, but following the collapse of GPX International last week US-based Tire Review draws a parallel between the two stories.

2nd November 2009/by Tyrepress Editors

Titan's Third Quarter Results: Net Loss of $11.1 million

Titan International of Quincy, Illinois posted a net loss of $11.1 million for the period, compared to a net gain of $10.3 million for the same period last year, reports Tire Review. Driving down the profits was a sharp sales drop: $141.5 million for the quarter against sales of $255.5 million for the same period in 2008. Year-to-date sales were $581.1 million, compared to $778.1 million in 2008, and net profits year-to-date were $1.8 million in 2009, compared to $31.7 million last year.

29th October 2009/by Tyrepress Editors

“New Opportunities Arising”: RH Claydon Becomes UK Matador Truck, Hankook’s Aurora Supplier

While the economic events of late-2008, carrying on to the present day saw the UK, along with most of the world, assume the default attitude of Dad’s Army’s Private Fraser (NB exclaiming, with wide, fatalistic eyes, “we’re all doomed!”), RH Claydon says that it has seen “healthy advances” in some segments, including agricultural products and tyres required for the Open Space Management Sector, sports complexes, golf courses, parks departments and local authority needs. The company has also announced that it is the sole UK supplier of Matador light and heavy truck tyres.

12th October 2009/by Tyrepress Editors