Titan International has entered into a licensing agreement with the Goodyear Tire & Rubber Company, which allows Titan to distribute and sell Goodyear-brand farm tires in Europe, the Middle East, Africa, Russia and other Commonwealth of Independent States countries, as well as manufacture such farm tires in parts of the licensed territory outside the European Union. In addition, Titan has purchased certain Goodyear molds and other assets currently located in Poland, Turkey and South Africa.The expansion of the Goodyear-brand farm tire licensing includes more than a hundred countries.
Maurice M Taylor, chairman and CEO, commented, “The agreement is positive for all of our existing tire facilities as they support production of the Goodyear-brand as well as the expansion of Titan’s LSW technology to these new regions. We plan to add manufacturing of Goodyear-brand farm tires to our facility located in Russia, to go along with our existing production in the USA and Brazil. Adding production to our Russian facility will enable us to provide our customers with a very competitive product offering in these new markets such as complete tire and wheel assemblies.”
December 1, 2015
