Titan to Increase Agricultural and Giant OTR Tire Capacity

QUINCY, Ill.—Titan International Inc. Chairman and CEO Maurice M. Taylor Jr. announced today in his Tire Industry Association OTR Conference keynote speech in Hawaii that the company expects to produce more than twice as many giant OTR tires as previously estimated.

In May 2007, Titan announced an expansion project at its Bryan, Ohio, facility that would allow capacity for 6,000 giant OTR tires annually. After completing its first giant 63-inch prototype a week ago, Titan expects to produce as many as 15,000 giant OTR tires per year. This additional capacity should meet a great portion of the worldwide demand for 63-inch, 57-inch and other off-the-road sizes.

Taylor also announced that the company plans to add a total of approximately 28 agricultural curing presses, ranging in press sizes from 85 to 100 inches, at its tire facilities to increase agricultural capacity. The new presses should be installed by August 2008 to ease shortages in the large agricultural tire segment.  

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. 

Contact: Titan Communications (217) 221-4489