Titan Tire Corporation, a subsidiary of Titan International, Inc. (NYSE: TWI), announces a multi-year supply contract with Caterpillar for tires.
Titan has agreed to supply OTR tires to Caterpillar under a three-year agreement starting in 2012. The value of the contract in today's dollars is expected to exceed a minimum of $100 million dollars.
Maurice Taylor, Titan International Chairman and CEO commented, "Titan is honored to work with Caterpillar and we look forward to supplying tires in support of Caterpillar equipment."
Titan International, Inc., 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. For more information, visit www.titan-intl.com.
Titan International, Inc.
Krista Gray, (217) 221-4773
Investor Relations Manager