"We were able to pick up right where we left off in 2021 with another stellar quarter to begin the year," stated Paul Reitz, president and chief executive officer.
Titan International has entered into a definitive agreement for the sale of its Australian wheel business, to OTR Tyres, a local leading national tire, wheel and service provider. The closing date is expected to be Thursday, March 31, 2022.
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.
"Our fourth quarter was a continuation of our strong performance throughout the year and adds up to an excellent 2021 as we increased sales by an astounding $521 million," commented Paul Reitz, president and chief executive officer.
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.
Titan International has announced Titan employees represented by the United Steelworkers have voted to ratify new three-year contracts applicable to Titan's operations located in Bryan, Ohio, (Local 890), Freeport, Ill., (Local 745) and Des Moines, Iowa (Local 164).
Titan International reported its 2021 second quarter net sales were $438.6 million, a $152.5 million (53.3%) year-over-year increase, the highest quarterly sales since 2014.
Net sales for the first quarter of 2021 were $403.5 million, compared to net sales of $341.5 million for the first quarter of 2020, representing a $62 million, or 18.2%, increase.
Titan International today announced the completion of the sale of its Brownsville, Texas, facility. The sale was completed in November to an affiliate of Phoenix Investors, a national private commercial real estate firm headquartered in Milwaukee, Wis.
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In this episode of On the Record we take a look at AGCO's recently introduced Transformational Assessment Process (TAP) for its North American production ag dealers. In the Technology Corner, Michaela Paukner examines how CNH Industrial and John Deere's tech stacks compare. Also in this episode, the latest earnings reports from Deere & Co. and Kubota.