Titan exited the lawn and garden and ATV wheel and tire business for original equipment manufacturers with the sale of certain assets of facilities located in Clinton, Tennessee, and Slinger, Wisconsin, to Carlisle Tire & Wheel Company. Titan remained active in the aftermarket for these products.
Labor strikes brought against Titan in 1998 by the United Steelworkers of America at facilities in Des Moines, Iowa, and Natchez, Mississippi, were settled resulting in five-year contracts.
Titan became the only tire manufacturer to receive the Society for Engineering in Agricultural, Food and Biological Systems (ASAE) AE50 award for innovation in product technology four consecutive years.
Titan's flagship wheel facility in Quincy, Illinois, expanded manufacturing capability in December when Titan Wheel Corporation of Iowa ceased wheel manufacturing in Walcott, Iowa.
Titan Europe Plc, previously a wholly-owned subsidiary, was admitted to trading on London’s AIM Exchange. A Titan subsidiary retained a 30 percent interest in this new European public company.
Titan Tire Corporation closed on the acquisition of Goodyear's North American farm tire assets, which included the manufacturing facility in Freeport, Illinois.
Titan Tire Corporation of Bryan acquired the off-the-road (OTR) tire assets of Continental Tire North America, Inc. in Bryan, Ohio. This acquisition expanded Titan's product offering into larger earthmoving, construction and mining tires, in addition to the added manufacturing capacity of the Bryan, Ohio facility.