Titan International, Inc. and its subsidiaries manufacture wheels, tires, and undercarriage systems and components for off-highway vehicles. The company produces a range of specialty products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets. Markets Agricultural The company’s agricultural rims, wheels, tires, and undercarriage systems and components are manufactured for use on various agricultural and forestry equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment, and are sold directly to OEMs and to the aftermarket through independent distributors, equipment dealers, and the company’s own distribution centers. Its agricultural tires range from approximately 1 foot to approximately 7 feet in outside diameter and from 5 to 49 inches in width. The company offers the added value of delivering a wheel and tire assembly to customers. Earthmoving/Construction The company manufactures rims, wheels, tires, and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military, and construction equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators. The company provides OEM and aftermarket customers with a range of earthmoving/construction wheels ranging in diameter from 20 to 63 inches and in weight from 125 pounds to 7,000 pounds. The company’s earthmoving/construction tires range from approximately 3 feet to approximately 13 feet in outside diameter and in weight from 50 pounds to 12,500 pounds. The company offers the added value of wheel and tire assembly for certain applications in the earthmoving/construction market. Consumer The company manufactures bias truck tires in Latin America; provides wheels and tires; and assembles brakes, actuators, and components for the domestic boat, recreational, and utility trailer markets. It also offers select products for all-terrain vehicles, turf, and golf cart applications. Marketing and Distribution The company distributes wheels, tires, and undercarriage systems directly to OEMs. The distribution of aftermarket tires occurs primarily through a network of independent and OEM-affiliated dealers. The company distributes wheels, tires, wheel and tire assemblies, and undercarriage systems directly to OEMs and aftermarket customers through its distribution network consisting of facilities worldwide. Customers The company’s major customers include Deere & Company and CNH Global N.V. Acquisitions In 2013, the company in partnership with One Equity Partners and the Russian Direct Investment Fund closed the acquisition of an 85% interest in Voltyre-Prom, a producer of agricultural and industrial tires in Volgograd, Russia. Business Strategy The company’s business strategy is to increase its presence in the markets it serves through giant OTR, strategic worldwide acquisitions, and continuing to improve operating efficiencies. Its business strategy also includes increasing aftermarket tire business; and improving design capacity and new product development. Patents and Trademarks The company has a trademark license agreement with The Goodyear Tire & Rubber Company to manufacture and sell certain tires in North America and Latin America under the Goodyear name. Seasonality Shipments to OEMs in the U.S. and Europe peak during the company’s first and second quarters (year ending December 2013) for the spring planting period, while shipments in Latin America peak during the company's second and third quarter for the fall planting period. Research, Development, and Engineering The company’s research and development costs were $11.2 million for the year ending December 31, 2013. History Titan International, Inc. was founded in 1890. The company was incorporated in 1983.
titan international inc (TZ4:Berlin)
2701 Spruce Street
Quincy, IL 62301
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