Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Titan International is the leader of both Titan and Goodyear Farm Tire brands, offers a full line of wheels, tires and undercarriage products for a wide variety of off-the-road equipment.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackOne of the largest manufacturers of off-road tires and wheels, the Quincy, Illinois-based company is still operating in Russia. The company halted investment in its Russian operations and is running its southwest Russia facility at reduced capacity to comply with international sanctions, the company said in a regulatory filing. Its Russian operation represents about 5% of consolidated global sales for the first quarter ending March 31.
Continuing to operate majority owned Voltyre-Prom tire factory near Volgograd (factory makes agriculture and industrial tires). Quincy, Illinois-based Titan International, maker of tires for farm tractors, has kept its majority stake in its factory in the southwestern city of Volgograd. Revenue decreased in 2024 vs 2023 by more than -20%.
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