Titan International Inc - Company Profile
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Business Description
Titan International Inc (Titan), manufactures, designs, develops and supplies wheels, tires, assemble brakes, and components to original equipment manufacturers. It offers products that find application in the business of construction and earth moving, agriculture, and consumer industry. The company also offers customized products for all-terrain vehicle turf, golf car applications, and a variety of tires for the consumer market. The company owns and has operational facilities in Quincy, Illinois, Bryan, Ohio, Des Moines, Iowa; Freeport, Illinois and two-wheel facilities in Saltville, Virginia and Quincy, Illinois, in the US.
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Business Segments
Overview
Designs, develops, manufactures, and supplies rims, tires, wheels, undercarriage systems, and components for agricultural applications. Serves customers in the agricultural segment for planters, tractors, combines, skidders, plows, and irrigation equipment applications. Sells products to original equipment manufacturers (OEMs). Also provides aftermarket services through independent distributors, equipment dealers, and its own distribution centers. In FY2022, the segment's capital expenditure stood at US$25.7 million, which grew 24% YoY.
Performance
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Overview
Manages, produces, manufactures and provides a wide range of tires for the consumer market. Serves customers in manufacturing ATVs, turfs and golf cars. Provides wheels, tires, actuators and components for the domestic boat, and recreational and utility trailer markets. In FY2022, the segment's capital expenditure stood at US$3.7 million, which grew 20.4% YoY.
Performance
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Overview
Designs, develops, manufactures and supplies rims, wheels, tires, and undercarriage systems and components for various types of off-the-road (OTR) vehicles which are used in earth-moving, mining, military and construction, and forestry equipment industries. Provides products to numerous OTR vehicles comprising skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators. In FY2022, the segment's capital expenditure stood at US$17.6 million, which grew 17.1% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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