News Release from Titan International, Inc. January 15, 2010
Titan Tire to Implement Price Increase
QUINCY, Ill.-Titan Tire Corporation, a subsidiary of Titan
International, Inc. (NYSE: TWI), will implement a price increase on Titan branded
OTR (off-the-road), farm and construction tires, and Titan manufactured
Goodyear branded farm tires effective March 1, 2010.
The increase of up to 6 percent will help offset rising raw
material, energy and transportation costs. Certain tire prices may rise in
excess of 6 percent due to realignment and positioning of the product.
"As the economy begins to emerge from the global economic
crisis, we have seen added pressure on input costs," said Jeff Vasichek, vice
president of sales and marketing. "While we may see additional pricing pressure
in the future, we continue to focus on customer needs in our markets."
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. For more information, visit www.titan-intl.com.