WEST CHICAGO, Ill.,
Feb. 1, 2022 /PRNewswire/ -- Titan
International, Inc. (NYSE: TWI) ("Titan" or "TWI") and Kubota
Tractor Corporation (KTC) / Kubota Canada Limited (KCL) ("Kubota")
have entered into an exclusivity agreement on select sizes of
Titan's new Trac Loader II tires for compact and utility tractor
models used in residential, commercial, agricultural, and light
construction applications. This innovative tire, branded with Titan
and Kubota both displayed on the sidewall of the tire, will bring
new value to Titan and Kubota customers.
Paul Reitz, President and Chief
Executive Officer, commented, "We're excited to launch this
innovative tire into the market that will perform well in diverse
applications and do so with both the Titan and Kubota brands being
represented. We have had a strong, long-standing relationship with
Kubota and enjoy collaborating with their development teams. The
Trac Loader II is a first for Titan as an OEM branded tire product
in this space, but our second exclusivity agreement together with
Kubota. Previously, Titan and Kubota partnered on the
Goodyear® R14T™ crossover tires, which was the first-time
Kubota entered into an exclusivity agreement with a tire
manufacturer."
Before entering into agreement with Titan, Kubota conducted
testing on the new Trac Loader
II. In addition to the improved cleanout, the tire
proved to have outstanding stability and durability, along with
better roading capabilities resulting from an upgraded center
lug.
"We were impressed with how the Trac Loader II performed in
residential and commercial applications when paired with our
compact and utility tractors," said Chris
Box, Kubota Director-Product Marketing, Compact and Utility
Tractors. "This tire is a perfect match for our versatile and
durable tractors and will enhance our customers' productivity
whether they're using them on their property at home or on a farm,
ranch, or jobsite."
"It's really good to be partnering with Kubota once again on the
new Trac Loader II," said Paul
Reitz. "With both of our companies being prevalent on the
sidewall, and as one of the industry's leading brands in each of
our respective segments, this tire will both look impressive and
perform great for Kubota customers."
Safe Harbor Statement: This press release contains
forward-looking statements. These forward-looking statements are
covered by the safe harbor for "forward-looking statements"
provided by the Private Securities Litigation Reform Act of 1995.
The words "believe," "expect," "anticipate," "plan," "would,"
"could," "potential," "may," "will," and other similar expressions
are intended to identify forward-looking statements, which are
generally not historical in nature. These forward-looking
statements are based on our current expectations and beliefs
concerning future developments and their potential effect on us.
Although we believe the assumptions upon which these
forward-looking statements are based are reasonable, these
assumptions are subject to significant risks and uncertainties.
These risk factors include, but are not limited to, the effect of
the COVID-19 pandemic on our operations and financial performance;
changes in the marketplace, including new products and pricing
changes by the Company's competitors; and availability and price of
raw materials. Additional risks and other factors that could cause
actual results or events to differ materially from those
contemplated in this release are detailed in the Company's reports
on Forms 10-K and 10-Q filed with the Securities and Exchange
Commission, especially the disclosures under "Risk Factors" in
those reports. These forward-looking statements are made only as of
the date hereof. The Company cautions that any forward-looking
statements included in this press release are subject to a number
of risks and uncertainties, and the Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, changed
circumstances or future events, or for any other reason, except as
required by law.
About Titan: Titan International, Inc. (NYSE: TWI) is a
leading global manufacturer of off-highway wheels, tires,
assemblies, and undercarriage products. Headquartered in
West Chicago, Illinois, the
company globally produces a broad range of products to meet the
specifications of original equipment manufacturers (OEMs) and
aftermarket customers in the agricultural,
earthmoving/construction, and consumer markets. For more
information, visit www.titan-intl.com.
About Kubota Tractor Corporation
Kubota Tractor
Corporation, Grapevine, Texas, is
the U.S. marketer and distributor of Kubota-engineered and
manufactured machinery and equipment, including a complete line of
tractors of up to 200 Gross hp, performance-matched implements, hay
tools, compact construction equipment, consumer lawn and garden
equipment, commercial turf products and utility vehicles. For
product literature or dealer locations, contact: Kubota
Tractor Corporation, 1000 Kubota Drive, Grapevine, TX 76051, (888) 4-KUBOTA [(888)
458-2682], Ext. 900, or visit KubotaUSA.com.
About Kubota Canada Ltd.
Kubota Canada Ltd. (KCL) is
an affiliate of Kubota Corporation, a tractor and heavy equipment
manufacturer based in Osaka,
Japan. KCL markets and distributes Kubota engineered and
manufactured equipment, including a complete line of tractors of up
to 210HP, performance-matched implements, compact and utility
tractors, compact construction, landscaping and public work
equipment, residential lawn and garden equipment, commercial turf
products and utility vehicles. For product literature or dealer
locations, contact Kubota Canada Ltd. at 5900 14th Avenue,
Markham, Ontario Canada L3S 4K4,
by telephone, at 905-294-6535, by visiting KCL's website kubota.ca
or on Facebook.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/titan-north-america-enters-into-exclusivity-agreement-with-kubota-on-new-kubota-branded-trac-loader-ii-tires-301472188.html
SOURCE Titan International, Inc.