Titan International, Inc. and CNH Industrial N.V. have entered into a three-year agreement to supply farm wheels and tires manufactured in Titan's North America, South America and European plants to various CNH Industrial manufacturing locations.
Trelleborg Group has signed an agreement to divest its Trelleborg Wheel Systems business area to Yokohama Rubber Company for 2,100 million euros ($2,307 million) on a cash and debt free basis, which represents 13x the business area’s 2021 operational EBITDA, or 17.5x 2021 EBIT.
Titan International, Inc. and Kubota Tractor Corp./Kubota Canada Ltd. have entered into an exclusivity agreement on select sizes of Titan’s new Trac Loader II tires for compact and utility tractor models used in residential, commercial, agricultural and light construction applications.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, PFG America CEO Daniel Cook discusses the company's goals for expanding Deutz-Fahr's North American presence. In the Technology Corner, Noah Newman hits the technology highlights of the 2024 National Farm Machinery Show. Also in this episode, CNH Industrial reports $18.1 billion in 2023 ag sales, fewer dealers plan to build brand new dealerships and Deere dealers' inventory levels are rising.