Titan to Implement Price Increase
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QUINCY, Ill.--(Business Wire)-- Titan Tire Corporation, a subsidiary of Titan International, Inc. (NYSE:TWI), will implement a price increase on tires and assemblies for original equipment manufacturers, effective July 1, 2008. The increase will range from 7 percent to 37 percent, depending on the tire, to offset rising costs for natural rubber, bead wire and oil-based material such as synthetic rubber and carbon black. Overall synthetic rubber shortages have also contributed to rising raw material costs. Titan International, Inc., a holding company, owns subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications. www.titan-intl.com Titan International, Inc. Courtney Leeser Communications Coordinator (217) 221-4489 Copyright Business Wire 2008
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