News Release from Titan International, Inc. September 3, 2010
Titan to Implement Price Increase
QUINCY, Ill.- Titan Tire Corporation, a subsidiary of
Titan International, Inc. (NYSE: TWI), will implement a price increase for the
aftermarket on Titan branded OTR (off-the-road) tires effective October 1, 2010.
The
increase of up to approximately 3 to 10 percent will offset rising raw
material, energy and transportation costs. Certain tire prices may rise in
excess of 10 percent due to realignment and positioning of the product.
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.