Titan to Produce Giant Radial OTR Tires

(Akron/Tire Review) The board of directors at Titan International Inc. has approved funding for the company to increase OTR tire production capacity to include 57- and 63-inch giant radial tires.

Titan said the funding will allow it to produce up to an estimated 6,000 giant radial tires per year. Sales could increase as much as $240 million as a result of the new capacity, Titan said. The company will produce its first 63-inch radial tire in the first quarter of 2008 and launch production by the end of the second quarter.

“Titan has assembled a great team, and we believe that we have a better way to produce these giant tires,” said Titan Chairman and CEO Maurice M. Taylor Jr. “We believe radial tires perform better on 15-degree wheels, which is what cars and trucks now utilize. Titan has developed these wheels, and we plan to produce our new tires on a 72.5-inch 15-degree wheel at the same time as we produce 63-inch radial tires.”

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