Tag Archives: Titan

Titan Gains OE Fitment on New Holland Tractors

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Titan International Inc.’s Goodyear LSW1000/40R32 fronts and LSW1100/45R46 super single tires are now available direct from the factory on New Holland T8 MFWD (Mechanical Front Wheel Drive) tractors.

The super single tires feature Titan’s Low Sidewall Technology (LSW).

Titan says New Holland’s decision to equip the New Holland T8 tractors with Goodyear LSW Super Single tires continues an industry trend of growers reconsidering narrow duals.

A recent study conducted by Mark Stallings, farmer and owner of the Delta New Holland dealership, helped persuade the OEM to start offering the Goodyear LSW Super Single lines, according to Titan. On two test plots in Missouri, seed corn was planted in alternating rows with two identical New Holland T8.300 255 horsepower tractors.

Agronomists Jake Mikels and Brandon Dirnberger from Wheat Tech Agronomy, provided agronomic oversight for the test. The first tractor was fitted with standard 380/80R38 duals on the front and 480/80R50 dual rears. The second tractor was fitted with Goodyear super single LSW1000/40R32 fronts and Goodyear super single LSW1100/45R46 rears.

Results showed the plot with Goodyear super singles had less soil compaction and yielded an average of five bushels more per acre compared with the standard duals. That is a $16 per acre advantage, which would equate to $24,000 in annual additional yield profit over 1,500 acres.

Up to 80% of tractors come factory-equipped with narrow duals, but only one-third of growers actually need to run between the rows post-emergence, according to Titan. The Super Single setup that New Holland has adopted for their T8 lines allows for running at significantly lower inflation pressures, reducing soil compaction compared with standard duals and increasing yield. The setup also increases contact area by nearly 2% , which lowers ground-bearing pressure compared with standard factory setups running dual 420/85R34 fronts and dual 480/80R50 rears. In addition to decreasing soil compaction, power hop and road lope, the reduced overall width of the setup makes for easier roading and sharper turning compared to factory duals.

“New Holland has long been at the forefront of innovation in the agriculture industry, and they’re showing that again by recognizing the benefit of offering an alternative to narrow duals that provides much better performance,” says Scott Sloan, agricultural product manager for Titan and Goodyear Farm Tires. “By offering this particular Goodyear super single LSW tire setup at the OEM level, New Holland is taking the necessary steps to get their customers what they need.”

In addition to this latest Super Single setup for MFWD tractors, Titan offers LSW flotation options for sprayers, combines and 4WD tractors. Titan recently released the LSW1400/30R46, the widest flotation option currently available for 4WD tractors, according to the company.

Source MTD

Your Next Tire has all your tire needs whether you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Ford F150.

We have several warehouses full of tires and ship all over the USA daily. Give us a call at 1-888-513-8473 and check out our website http://www.yournexttire.com


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Titan 2Q Net Sales Up 10% from Last Year

TitanGrizzBrandsLogoTitan International Inc. reported its second consecutive quarter of year-over-year growth in net sales. For the second quarter of 2017, the company recorded net sales of $364.4 million, up 10% compared to $330.2 million in the year-ago quarter.

The company reported a loss of $10.3 million in the second quarter versus a $5.2 million loss in 2016’s second quarter.

Net sales for the first six months of 2017 were $721.9 million, an increase of 11% when compared to $652.0 million in the first six months of 2016. Titan recorded a loss of $20.8 million for the first six months of 2017, versus a loss of $23.1 million for the first six months of 2016.

The company’s top line growth of 10% included an 18% improvement within its agriculture (AG) segment, according to Paul Reitz, CEO and president.

“Following a protracted downturn of more than four years, these results continue to demonstrate early signs of a recovery and provide optimism moving into 2018,” said Reitz.

“AG continues to be sluggish at the OEMs, but our moves in the North America aftermarket have benefited Titan thus far in 2017. Along with the AG gains this quarter, we continue to see market conditions improve in aftermarket mining and construction which fits well with our strategy that was launched almost two years ago to position ourselves to capture more of this business.

“The current quarter saw sequential gross margin improvement, up from 11.1% in the first quarter to 12.0% in the second. This improvement was in spite of significant raw material pricing headwinds that negatively impacted gross profit by approximately $11 million during the second quarter. Although we believe that raw material pricing has now stabilized, our OEM contracts in North America did not allow us to fully pass through these higher costs during the quarter. Because of these headwinds, we did not reach the gross margin level we experienced this quarter last year; however, with the increased pricing that has now taken place with the OEMs and the raw material price stabilization, we do not anticipate further negative impacts from raw material prices in the second half of this year.”

Agreements with the United Steelworkers Union at three North American tire plants were among several positive developments in the second quarter, according to Reitz.

“These new five-year contracts provide added profit incentives for our union workforce while providing Titan with more economic flexibility. This will benefit all stakeholders and allow Titan to maintain our position as a leader in the North American tire market.

“We are excited that New Holland recently began offering our Low Sidewall Technology (LSW) tractor setup with LSW1000/40R32 fronts and super single LSW1100/45R46 rears. Last year, a study was conducted by Mark Stallings, a farmer and owner of the Delta New Holland dealership, which compared standard duals to LSWs. As we previously announced, the study demonstrated that LSWs deliver higher yields. Because of this successful study and the efforts of Mr. Stallings, we are now able to offer that same LSW tractor setup to all New Holland customers.

“We recently had a couple of good wins at ITM, our undercarriage business. We obtained 100% of the global forestry business with a major, global OEM. Also, we were named the preferred supplier on D10 and D11 tracks with another major, global mining operator.”

Raw material prices hurt margins: Titan said increases in raw material costs across all markets and geographies negatively impacted gross margins during the second quarter of 2017 due to the timing of passing along increased costs to its end customers. Gross profit for the second quarter ended June 30, 2017, was $43.6 million, flat compared with $43.7 million in the prior year period. Gross margin was 12% of net sales for the latest quarter, compared with 13.2% in the prior year period.

Gross profit for the six months ended June 30, 2017, was $83.3 million, up 16% from $72.0 million in the comparable prior year period. Gross margin was 11.5% of net sales for the first six months of 2017, compared with 11% in the comparable prior year period. Titan said the increase in gross profit percentage was primarily related to its Business Improvement Framework initiatives that focus on lowering costs and increasing efficiencies. The company said these efforts more than offset the significant increases in raw material costs experienced in both the first and second quarters of 2017.

Operating income improved: Income from operations for the second quarter of 2017 was $4.0 million, or 1.1% of net sales, compared to income of $2.6 million, or 0.8% of net sales, for the second quarter of 2016, an improvement of 53%.

Loss from operations for the first six months of 2017 was $3.1 million, or 0.4% of net sales, compared to a loss of $8.9 million, or 1.4% of net sales, for the first six months of 2016, an improvement of 65%.

Costs were reduced: Selling, general and administrative (SG&A) expenses and “Profit Leaks” were going to be areas of focus, according to James Froisland, chief financial officer and chief information officer. He said, “We are pleased to see that our efforts are paying off as SG&A costs during the quarter went down nearly $2 million on a year-over-year basis while our net sales increased. We still have work to do and our plan is to not only reduce variable SG&A, but also take a hard look at our fixed SG&A costs.”

Source MTD

Your Next Tire has all your tire needs whether you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Ford F150.

We have several warehouses full of tires and ship all over the USA daily. Give us a call at 1-888-513-8473 and check out our website http://www.yournexttire.com


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Titan Tire will Rise Prices Again

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Titan International Inc. is imposing another price increase on its Titan-branded ag, industrial and construction tires made and sold in North America.

The increase will vary by product category, the company says, but will average “approximately 5%.”

It will be effective Sept. 1, 2017.

“This increase will allow Titan to recover increased material and production costs while keeping the Titan brand very competitive in the marketplace,” says Paul Hawkins, vice president of aftermarket sales at Titan.

In April Titan increased the prices of both its Titan- and Goodyear-branded farm tires, by up to 8%. According to the company’s July 19 announcement, this second increase does not apply to its Goodyear-branded farm tires.

For more information, tire dealers are encouraged to contact their local Titan territory sales manager.

For more information about Titan, go to http://www.titan-intl.com.

Source MTD

Your Next Tire has all your tire needs whether you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Ford F150.

We have several warehouses full of tires and ship all over the USA daily. Give us a call at 1-888-513-8473 and check out our website http://www.yournexttire.com


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USW and Titan International Agree To Five-Year Contract

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United Steelworkers (USW) members working at Titan International Inc. plants in Des Moines, Iowa, Freeport, Ill. and Bryan, Ohio have ratified a new five-year contract.

Local union members voted to approve the contracts May 17, 2017. The previous contract expired in November 2016.

Paul Reitz, Titan’s CEO and president, said “These are good contracts for our bargaining unit employees and our shareholders. We are thankful to the USW and our employees for their commitment to continue to work and build quality products as both parties worked through the bargaining process. With these new five-year contracts we are excited to be able to continue to work together with the all of our employees as we maintain our position as a global leader in the markets we serve for many years to come.

“The new contracts introduce a new innovative, incentive profit-sharing plan, which takes effect in the second year of the agreements that rewards USW members based on their respective plant’s profitability. A separate wage scale was also introduced for bargaining unit employees who are hired after the ratification date. In addition to the salary and benefit provisions, the new agreements provide additional management rights and economic flexibility that the prior agreement did not allow.”

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Your Next Tire has all your tire needs whether you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Ford F150.

We have several warehouses full of tires and ship all over the USA daily. Give us a call at 1-888-513-8473 and check out our website http://www.yournexttire.com


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Titan Reaches Agreement With USW

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Titan International Inc. has reached tentative agreements with the United Steelworkers (USW) unions representing its plants in Des Moines, Iowa; Bryan, Ohio; and Freeport, Ill. Votes are expected in the coming weeks.

Paul Reitz, CEO and president of Titan, announced the tentative agreements during the company’s first-quarter earnings call on May 4, 2017. The current labor agreements expired in November 2016, and operations at the plants have continued while both sides worked on negotiations.

“Titan has a longstanding, good relationship with the USW, as evidenced over the past couple of years when we worked closely together to present cases to the International Trade Commission (ITC) regarding OTR tires from China, India and Sri Lanka.,” Reitz said. “Their support in these cases was greatly appreciated and instrumental in the successful determinations from the ITC. For more than 20 years, we’ve viewed the USW and its members as an integral part of the Titan team and we appreciate their hard work in building quality tires day-in and day-out at our North American tire plants.”

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Your Next Tire has all your tire needs whether you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Ford F150.

We have several warehouses full of tires and ship all over the USA daily. Give us a call at 1-888-513-8473 and check out our website http://www.yournexttire.com


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Titan Debuts the World’s Largest Farm Tire

M-titan-Goodyear-LSW-1400-4-16-2.jpgA farm tire with a 1,400mm section width — nearly 4.6 feet! — was introduced at the 2016 Farm Progress Show, which opened on Aug. 30. Held in Boone, Iowa, the show will run through Sept. 1.

Titan International Inc. calls its new Goodyear Optitrac LSW1400/30R46 the largest farm tire in the world. It is the latest in the Goodyear Extreme Flotation tires with Low Sidewall Technology (LSW) lineup.

“We developed this tire to meet the growing demand for super-single flotation tires,” says Scott Sloan, agricultural product manager for Titan and Goodyear farm tires. “Our customers — both end users and OEMs — are beginning to shift from the old mindset that standard dual configurations work well in every application. That’s simply not the case.

“If a grower isn’t running between rows post-emergence, there’s really no reason to be running a dual configuration on any of their tractors, whether it is a MFWD or a 4WD. In fact, they could be causing unnecessary soil compaction by doing so.

“We’ve seen a lot of success bringing this (LSW) concept into MFWD tractors and combines, but our customers wanted an option for 4WD tractors — and that’s why we’re introducing the largest farm tire in the world, which will be coming available by the second quarter of 2017.”

Practical applications, real results

The LSW1400/30R46 is part of the Optitrac family — Goodyear’s most popular R1W radial design. The new size is specially suited to high-horsepower 4WD tractors, such as John Deere 9000-series or Case Steigers, and is a perfect fit to reduce compaction in any application where dual 710/70R42s or 800/70R38s are currently being used.

Whereas these standard dual configurations commonly cause pinch row compaction and rutting between the tires, along with higher ground-bearing pressures under the tread, the Extreme Flotation design spreads ground-bearing pressure across a wide, singular footprint for less soil disturbance.

Featuring LSW technology, the tire also has a larger rim diameter than standard tires, a Goodyear-exclusive design that improves lateral stability, and drastically reduces occurrences of power hop in high draw bar applications, as well as road lope during high-speed transport.

LSW flotation on a roll

The introduction of the Optitrac LSW1400/30R46 comes on the heels of the recent announcement that John Deere, Case and New Holland are all now offering Goodyear LSW flotation options for select new equipment purchases. That includes the Goodyear LSW1250/35R46, which up until now was the world’s largest farm tire.

For more information on LSW, visit http://www.LSWadvantage.com.

Titan International, a holding company, owns subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all-terrain vehicles) applications. Titan Tire Corp., one of North America’s largest manufacturers of off-highway tires, is one of those subsidiaries.

Source MTD

Your Next Tire has all your tire needs whether you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Ford F150.

We have several warehouses full of tires and ship all over the USA daily. Give us a call at 1-888-513-8473 and check out our website http://www.yournexttire.com


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Titan Tire Unveils Its First Radial ATV Tire

TitanGrizzBrandsLogoTitan International Inc. is adding a radial ATV tire to its Mud Monster ATV tire lineup. Available in size 30x10R14, it’s the first radial ATV tire by Titan. It’s also the largest tire in the Mud Monster family.

“There’s a growing customer demand for high-quality, American-made tires that can cater to a wide range of ATV and UTV applications,” says Steve Strauss, general manager at Titan. “Our newest Mud Monster tire is the first radial ATV tire we offer, making it especially suited for very muddy and rocky terrain and allowing our customers greater freedom and stability for their off-roading adventures.”

The Mud Monster tread is designed to offer maximum bite thanks to its deep, interlocking lugs. Titan says the tire’s rounded profile maintains steering characteristics usually associated with a less aggressive tread design.

Source MTD

Your Next Tire has all your tire needs whether you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Ford F150.

We have several warehouses full of tires and ship all over the USA daily. Give us a call at 1-888-513-8473 and check out our website http://www.yournexttire.com


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Titan Program Awards Teens for Tractor Restoration

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Titan International Inc.’s 2016 antique tractor restoration program is now open to Future Farmers of America (FFA) and 4H members. The program awards hundreds of sets of tires each year to qualified applicants in an effort to foster the next generation of American growers.

“Titan feels that nothing is more important to our industry than supporting its future — the young men and women who will carry the torch of our country’s proud farming legacy,” says Scott Sloan, agricultural product manager for Titan and Goodyear Farm Tires.

“The opportunity to equip these students with tires for their restoration projects is just our way of supporting the enormous time and talent that they put into the program, and we’re proud to do our part.”

Students who will be undertaking a tractor restoration project this summer, and would like to apply, should visit: http://www.titan-intl.com/antique-tractor-restoration.

In addition to the tractor restoration program, Titan holds regional tire auctions each year to benefit state FFA chapters. In 2015 alone, Titan tire auctions helped raise more than $200,000 for regional FFA chapters.

The 2016 auctions will take place at the following farm shows:

Farm Progress Show, Aug. 30-Sept. 1 (Boone, Iowa);
Husker Harvest Days, Sept. 13-15 (Grand Island, Neb.);
Farm Science Review, Sept. 20-22 (Columbus, Ohio); and
Sunbelt Agricultural Exposition, Oct. 18-20 (Moultrie, Ga.).

Source MTD

Your Next Tire has all your tire needs whether you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Ford F150.

We have several warehouses full of tires and ship all over the USA daily. Give us a call at 1-888-513-8473 and check out our website http://www.yournexttire.com


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Titan Releases a Radial for Implement Tires

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Titan International Inc. introduces a new Contractor Radial implement tire. The tire’s Very High Flexion (VF) design allows growers to carry the same weight load as a standard implement tire at 40% lower inflation pressures, which reduces soil compaction.

Three additional sizes of the Contractor Radial tire are in development.
Three additional sizes of the Contractor Radial tire are in development.
The radial construction also allows for cooler running temperatures, which will extend the life of the tire versus a traditional bias, Titan says.
“The vast majority of implement tires on the market are bias, but there are a lot of benefits to using radials on an implement,” says Scott Sloan, agricultural product manager for Titan and Goodyear Farm Tires. “Implements have gotten heavier over the years and are outgrowing the load capacity of standard bias sizes that run at significantly higher inflations.

“In addition, farmers are traveling longer distances from field to field with increased loads. So, they’re looking for a tire that can provide better roading and increased carrying capacity at reduced pressures, which is exactly what the Contractor Radial tire offers.”

The Contractor Radial tire features the same tread design as the Goodyear FS24 implement tire. Titan says the zigzag, ribbed design ensures smooth road use while providing excellent stability in side-slope applications. The large contact area and rounded corners provide for high flotation, less compaction, and minimal ground disturbance in the field.

The Contractor Radial is available in two sizes, and Titan says the tire offers superior performance versus the traditional bias option.

VF280/70R15: Carries 5,080 lbs. at 58 psi, replacing a traditional 11L-15
VF320/70R15: Carries 5,680 lbs. at 52 psi, replacing a traditional 12.5L-15
Source MTD

Your Next Tire has all your tire needs whether you need tires for your minivan, backhoe, dump truck, lawn mower, atv, semi truck or Ford F150.

We have several warehouses full of tires and ship all over the USA daily. Give us a call at 1-888-513-8473 and check out our website http://www.yournexttire.com


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Titan Releases Extreme Flotation Ag Tires

Titan Tire will be releasing extreme flotation category agriculture tires. The new category of Goodyear tractor tires will feature a wide footprint designed for a smoother ride, tighter turn radius, reduced width, improved flotation and reduced soil compaction.
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Two of the new Goodyear lines fall into this new category: the Goodyear Super Terra Grip XT 1000/40R32 and the Goodyear DT930 1100/45R46. Both tires come with the added benefit of low sidewall technology, reducing road lope and power hop and improving lateral stability on hillside conditions.

Here are Your Next Tire we have all of your Tractor, Flotation and Agricultural tires in stock. We are from a farming community and our salesman are experienced in ag tires. Please give us a call at 1-888-513-8473 to check out our full inventory.

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