Profile: Titan International Inc (TWI.N)
24 Mar 2017
Titan International, Inc., incorporated on March 24, 2015, is a manufacturer of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates through three segments: agricultural, earthmoving/construction and consumer. The Company's agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment. The Company's earthmoving/construction market includes rims, wheels, tires and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military and construction equipment. The Company's consumer market includes bias truck tires and light truck tires.
The Company's agricultural rims, wheels, tires and undercarriage systems and components are manufactured for use on various agricultural equipment, including tractors, combines, skidders, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers (OEMs) and to the aftermarket through independent distributors, equipment dealers and its own distribution centers. The wheels and rims range in diameter from 9 inches to 54 inches. Its agricultural tires range from 1 foot to 7 feet in outside diameter and from 5 inches to 55 inches in width. The Company offers the added value of delivering a complete wheel and tire assembly to customers.
The Company's rims, wheels, tires and undercarriage systems and components include 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 inches to 63 inches and in weight from 125 pounds to 7,000 pounds. Its earthmoving/construction tires range from 3 feet to 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 segment.
The Company manufactures bias truck tires in Latin America and light truck tires in Russia. The Company also offers select products for all-terrain vehicles (ATVs), turf and golf cart applications. The consumer segment also includes brakes and materials sold under various supply agreements.
The Company competes with GKN Wheels, Ltd., Trelleborg Group, Topy Industries, Ltd., Alliance Tire Company Ltd., Balkrishna Industries Limited, Bridgestone/Firestone, Michelin, Mitas a.s., Pirelli, Berco and Caterpillar Inc.
Titan International Inc
2701 Spruce St
QUINCY IL 62301-3473
Company Web Links
- BRIEF-Titan International Q4 adjusted loss per share $0.24
- BRIEF-U.S. Department of Commerce issues countervailing, antidumping duty orders for petitions filed by Titan
- BRIEF-Titan International enters credit and security agreement
- BRIEF-Titan International says conversion of 97.1% of its 5.625% convertible notes
- BRIEF-Titan International Q3 adjusted loss per share $0.18