Thursday, November 17, 2011 Titan Buys Goodyear’s Plant
 Titan Tire Corporation of Union City, a subsidiary of Titan International, Inc., has purchased the physical assets of Goodyear’s Union City closed tire plant for a total of USD $9 million. Titan notified Goodyear of its interest in certain equipment after discovering that Goodyear was selling the assets.
“Titan has not yet decided how it plans to utilize the Tennessee location except to warehouse farm and OTR tires and to have a single equipment rebuilding operation for the machines,” said Maurice Taylor, Chairman and CEO of Titan International. “The decision on whether Titan will keep the equipment in Union City or move the equipment to other Titan tire factory locations will not be made until mid 2012. The mixing capacity with the equipment Titan purchased could allow an additional $1 billion in future sales and increase Titan’s output of farm and OTR tires going forward.”
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