Press release from Business Wire
Titan to Implement Price Increase
Friday, September 03, 2010
Titan to Implement Price Increase16:30 EDT Friday, September 03, 2010 QUINCY, Ill. (Business Wire) -- 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.