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| News Release from Titan International, Inc.
June 27, 2008Titan Tire Announces Increase in Curing Capacity for Radial Farm Tires
QUINCY, Ill.-Due to growing demand for large radial farm tires, Titan Tire Corporation, a subsidiary of Titan International Inc., will add 10 new 130-inch cure presses. It is anticipated that these presses are to be installed by the first quarter of 2009 at Titan Tire facilities. If demand warrants, an additional 10 presses could be installed in the second quarter of 2009.
"The reason for this expansion in curing capacity is two fold," said Titan Chairman and CEO Maurice M. Taylor Jr. "One, Titan has promised its major customers that there should be no shortages of radial tires, and two, Titan believes that tire sizes will continue to grow. To our knowledge, 130-inch presses have not been produced in the USA, until now. These presses will be American made. We anticipate this multi-million dollar expansion to be paid for out of current cash flow."
Titan International, Inc. (NYSE: TWI), 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. Contact: Titan Communications, (217) 221-4489
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