| NYSE: TWI
S&P 600 Component
|Dyneer Corporation, Pirelli Armstrong Tire Corporation, Fidelity Tire, Goodyear Farm Tires, Continental AG, Denman Tire
|Maurice M. Taylor Jr.
Number of locations
| Des Moines, Iowa, USA
Freeport, Illinois, USA
Bryan, Ohio, USA
Union City, Tennessee USA
Sao Paulo, Brazil
The Titan Tire Corporation is an American tire corporation formed in 1993 by Maurice M. Taylor Jr., then owner of Titan Wheel, purchased the Dyneer Corporation, manufacturer various off-road tires. Titan is one of the largest manufacturer of off-road tires in North America. : TWI).It continued expanding its product offering and reach by purchasing the off-road tire assets of Pirelli Armstrong Tire Corporation in 1994. In 1997, Titan International split Titan Tire Corporation into subsidiary of(NYSE
Titan purchased the assets of Fidelity Tire, of Natchez, Mississippi, through bankruptcy Court in 1998, and the company refocused with the sale of its golf-cart, all-terrain vehicle, and lawn tractor tires and facilities in Clinton, Tennessee, and Slinger, Wisconsin to the Carlisle Tire & Wheel Company in 2000.
In 2005, Titan purchased the farm tire business of Goodyear, and continues manufacturing Goodyear agricultural tires under license. This acquisition included the plant in Freeport, Illinois. Titan again expanded in 2006 with the purchase of Continental AG's off-the-road (OTR) tire assets in Bryan, Ohio. million.Titan acquired it for about $53
In 2010, Titan purchased the assets of Leavittsburg, Ohio based Denman Tire in bankruptcy court for US$4.4 million. This purchase includes the consumer-related tires (on-road) as well, which Titan is considering to divest.
In November 2011, Titan Purchased Goodyear's Union City, Tennessee plant four months after Goodyear closed it. It initially will be used for mixing raw materials for other Titan production facilities.
Titan announced that it had purchased the assets of Goodyear's Latin American off-road tire business for US$98.6 million. This includes the plant in Sao Paulo, Brazil, and a licensing agreement that allows Titan to continue manufacturing under the Goodyear brand, similar to its 2005 purchase of Goodyear's US farm tire assets.
Titan has manufactured tires for Caterpillar under the Caterpillar brand since 1999.OEM customers include John Deere, AGCO, Case IH/Case Construction, New Holland, Caterpillar and Kubota.
Titan manufactures under the Titan and Goodyear brands.
In October 2010, the U.S. Environmental Protection Agency (EPA) sued Titan Tire Corp. and Dico Inc. for the demolition of three buildings in Des Moines, Iowa, contaminated with hazardous polychlorinated biphenyls (PCBs). These actions by the companies led to significant taxpayer expenses, resulting in the establishment of a Superfund cleanup site in Ottumwa where contaminated steel beams from the demolished buildings were dumped. Dico's property had previously been identified as a source of water contamination, and both companies faced allegations of neglecting environmental regulations.
In 2007, Titan Tire, without prior EPA notification, had three buildings on Dico's property demolished, and the steel beams, which contained PCBs, were taken to Southern Iowa Mechanical's (SIM) property. Judge Robert Pratt ruled against the companies, noting Dico's prior knowledge of the contamination and imposing fines totaling nearly $4.6 million. Both companies were held accountable for ongoing and future EPA-related costs at the Ottumwa site.
During the 2022 Russian invasion of Ukraine, Titan refused to join the international community and withdraw from the Russian market. Research from Yale University updated on April 28, 2022 identifying how companies were reacting to Russia's invasion identified Titan in the worst category of "Digging In", meaning Defying Demands for Exit: companies defying demands for exit/reduction of activities.
Bridgestone Corporation is a Japanese multinational tire manufacturer founded in 1931 by Shojiro Ishibashi (1889–1976) in the city of Kurume, Fukuoka, Japan. The name Bridgestone comes from a calque translation and transposition of ishibashi (石橋), meaning 'stone bridge' in Japanese.
The Goodrich Corporation, formerly the B.F. Goodrich Company, was an American manufacturing company based in Charlotte, North Carolina. Founded in Akron, Ohio in 1870 as Goodrich, Tew & Co. by Dr. Benjamin Franklin Goodrich, the company name was changed to the "B.F. Goodrich Company" in 1880, to BFGoodrich in the 1980s, and to "Goodrich Corporation" in 2001. Originally a rubber manufacturing company known for automobile tires, the company diversified its manufacturing businesses throughout the twentieth century and sold off its tire business in 1986 to focus on its other businesses, such as aerospace and chemical manufacturing. The BFGoodrich brand name continues to be used by Michelin, who acquired the tire manufacturing business in 1988. Following the acquisition by United Technologies in 2012, Goodrich became a part of UTC Aerospace Systems.
Caterpillar Inc. is an American construction, mining and other engineering equipment manufacturer. The company is the world's largest manufacturer of construction equipment. In 2018, Caterpillar was ranked number 73 on the Fortune 500 list and number 265 on the Global Fortune 500 list. Caterpillar stock is a component of the Dow Jones Industrial Average.
The Goodyear Tire & Rubber Company is an American multinational tire manufacturing company founded in 1898 by Frank Seiberling and based in Akron, Ohio. Goodyear manufactures tires for passenger vehicles, aviation, commercial trucks, military and police vehicles, motorcycles, RVs, race cars, and heavy off-road machinery. It also licenses the Goodyear brand to bicycle tires manufacturers, returning from a break in production between 1976 and 2015. As of 2017, Goodyear is one of the top five tire manufacturers along with Bridgestone (Japan), Michelin (France), Continental (Germany) and MRF (India).
Firestone Tire and Rubber Company is an American tire company founded by Harvey S. Firestone (1868–1938) in 1900 initially to supply solid rubber side-wire tires for fire apparatus, and later, pneumatic tires for wagons, buggies, and other forms of wheeled transportation common in the era. Firestone soon saw the huge potential for marketing tires for automobiles, and the company was a pioneer in the mass production of tires. Harvey S. Firestone had a personal friendship with Henry Ford, and used this to become the original equipment supplier of Ford Motor Company automobiles, and was also active in the replacement market.
National City Corporation was a regional bank holding company based in Cleveland, Ohio, USA, founded in 1845; it was once one of the ten largest banks in America in terms of deposits, mortgages and home equity lines of credit. Subsidiary National City Mortgage is credited for doing the first mortgage in America. The company operated through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, Florida, and Wisconsin, and also served customers in selected markets nationally. Its core businesses included commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management. The bank reached out to customers primarily through mass advertising and offered comprehensive banking services online. In its last years, the company was commonly known in the media by the abbreviated NatCity, with its investment banking arm even bearing the official name NatCity Investments.
Navistar, Inc. is an American holding company created in 1986 as the successor to International Harvester. Navistar operates as the owner of International-branded trucks and diesel engines. The company also produces buses under the IC Bus brand. On July 1, 2021, Navistar became a wholly owned subsidiary of Traton, and therefore part of the Volkswagen Group.
Cooper Tire & Rubber Company is an American company that specializes in the design, manufacture, marketing, and sales of replacement automobile and truck tires, and has subsidiaries that specialize in medium truck, motorcycle, and racing tires. With headquarters in Findlay, Ohio, Cooper Tire has 60 manufacturing, sales, distribution, technical, and design facilities within its worldwide family of subsidiary companies, including the UK-based Avon Tyres brand, which produces tires for motorcycles, road cars, and race cars.
Dunlop Tyres is a brand of tyres which is managed by different companies around the world. It was founded by pneumatic tyre pioneer John Boyd Dunlop in Dublin, Ireland, in 1889.
The company formerly known as the United States Rubber Company, now Uniroyal, is an American manufacturer of tires and other synthetic rubber-related products, as well as variety of items for military use, such as ammunition, explosives, chemical weapons and operations and maintenance activities (O&MA) at the government-owned contractor-operated facilities. It was founded in Naugatuck, Connecticut, in 1892. It was one of the original 12 stocks in the Dow Jones Industrial Average, and became Uniroyal, Inc., as part of creating a unified brand for its products and subsidiaries in 1961.
Maurice Taylor Jr. is the President and Chief executive officer of Titan International, a tire and wheel manufacturing company. Taylor, nicknamed "the Grizz" for his bear-like gruffness, started in tool and die manufacturing before purchasing Titan Wheel International from Firestone.
Dean Foods was an American food and beverage company and the largest dairy company in the United States. The company's products included milk, ice cream, dairy products, cheese, juice, and teas. It processed milk in the United States under a number of regional and national brands. Founded in 1925, the company filed for Chapter 11 Bankruptcy in 2019, and its assets were acquired by several buyers in 2020.
Sumitomo Rubber Industries, Ltd. is a global tire and rubber company based in Japan. It is part of the Sumitomo Group. The company makes a wide range of rubber based products, including automobile tires, golf balls and tennis balls. Sumitomo brands include Dunlop Tyres, Falken Tire and Ohtsu Tire.
Goodyear Aerospace Corporation (GAC) was the aerospace and defense subsidiary of the Goodyear Tire and Rubber Company. The company was originally operated as a division within Goodyear as the Goodyear Zeppelin Corporation, part of a joint project with Luftschiffbau Zeppelin, leading to the development of rigid airships in the United States. As part of the failing relationship between the US and Germany in the era prior to World War II, the division was spun off as Goodyear Aircraft Company in 1939. The company opened a new factory in Arizona in 1941 which produced subassemblies, including subcontracted airframe construction and the design of the Goodyear F2G Corsair and Goodyear Duck.
The Euclid Company of Ohio was a company that specialized in heavy equipment for earthmoving, namely dump trucks, loaders and wheel tractor-scrapers. It operated in the US from the 1920s to the 1950s, when it was purchased by General Motors. It was later purchased by Hitachi Construction Machinery.
Triangle Group is a Chinese tire company that manufactures a range of tires for vehicles from passenger cars to construction equipment and tires fit for special purposes under the Triangle and DIAMONDBACK brands. As of 2015 it is the 14th largest tire maker in the world according to Tyres & Accessories.
Challenger is an American brand of agricultural tractors. Created in 1986 by Caterpillar Inc., the brand was sold to AGCO in 2002. Since then, Challenger tractors have been manufactured at the company's Jackson, Minnesota facility.
Solar Turbines Incorporated, a wholly owned subsidiary of Caterpillar Inc., designs and manufactures industrial gas turbines for onshore and offshore electrical power generation, for marine propulsion and for producing, processing and transporting natural gas and oil.
Paul W. Litchfield was an American inventor, industrialist, and author. He served as President, Chairman, and the first CEO of the Goodyear Tire & Rubber Company and the founder of the town of Litchfield Park, Arizona and the city of Goodyear, Arizona. Among his many accomplishments as chairman was the establishment of a research and development department that produced the first practical airplane tire, long-haul conveyor belts, hydraulic disc brakes for airplanes, the first pneumatic truck tire, and a bullet-sealing fuel tank for military airplanes. Litchfield was also the author of books on air power, trucks, employee relations, and business.
Titan Tire Corporation of Bryan, a subsidiary of Titan International, Inc. (the Company) closed on its acquisition of the off-the-road (OTR) tire facility of Continental Tire North America, Inc. (CTNA) in Bryan, Ohio.