Titan upgrades manufacturing facility in Des Moines to meet growing demand
Two new tire presses reduce inventory pressures on dealers, increase domestic supply
Des Moines, IA <March, 2024> — Titan International (Titan) is excited to announce the completion of a major upgrade to its manufacturing facility in Des Moines, Iowa. The $2 million investment is part of Titan’s multi-year strategic capital plan and includes the addition of two new 104-inch curing tire presses, which will accommodate the recently expanded AgraEDGE™ tire line.
The expansion of the manufacturing facility is part of a series of strategic moves by Titan to increase output capacity and better serve its dealers and end-users. With the additional output capacity, Titan will continue to meet demand for key large Ag sizes well into the future. This will result in a faster turnaround time between order placement and delivery, reducing the need for dealers to maintain high levels of inventory.
"By upgrading our manufacturing facility and investing in new tire machines, we are taking the first step towards achieving our overall growth goals," said Lester Brewer, Vice President of NA Tire Operations at Titan. "This investment has allowed us to increase our output capacity for premium tires, positioning us to better deliver on the projected additional volume needed in the marketplace."
The new tire machines not only increase output capacity but also incorporate automation for repeatable tasks, improving safety for employees while enhancing overall quality and productivity — aligning with Titan's commitment to continuous improvement and innovation.
"The upgraded building and two new tire presses are the culmination of several years of investment in expanding the Des Moines plant capability and producing larger radial ag tires," added Brewer. "However, this is just one more step along the line of our growth strategy. We have been telling everybody for five years that we're not done, and we will continue to grow through new products."
The expansion of the manufacturing facility and the addition of the new tire machines will provide Titan with the necessary infrastructure to introduce multiple new product offerings throughout the year. These new products will further strengthen Titan's position as a leading provider of premium tires in the market.
For more information about Titan and its agricultural tires, please visit https://www.titan-intl.com/en/tires/agriculture.
# # # #
About Titan/About Titan International:
Titan International, Inc. (NYSE: TWI), is a leading global manufacturer and supplier of wheels, tires, and undercarriage products for a wide variety of off-the-road equipment within the Agricultural, Earthmoving, Mining, Construction and Consumer sectors. Supporting a strong network of aftermarket dealers and blue-chip OEM customers all over the world, Titan is a company that end-users can count on for innovative and durable products and quality service.
Media Contact:
Kim Boccardi
217-228-4032