CGS Tyres Eager to Acquire OEM Business, Compete in NA Market

After growing through acquisition and increasing market share in Europe, CGS Tyres is building a plant in the U.S. and plans to make a serious run at agricultural OEM business, executives told Ag Equipment Intelligence during the 2010 Farm Progress Show in Boone, Iowa.

CGS owners and Iowa economic development officials attended the show to sign a development agreement calling for CGS to build a $43 million tire production plant in Charles City, Iowa. Production…

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