Titan to Implement OEM Price Increase

QUINCY, Ill.-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.  

Contact: Titan Communications, (217) 221-4489