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Stock impact report

Titan International, Inc. Announces Consolidation of Tire Production to Improve Operational Efficiency of US Manufacturing [Yahoo! Finance]

Titan International, Inc. (DE) (TWI) 
Last titan international, inc. (de) earnings: 3/4 05:59 am Check Earnings Report
US:NYSE Investor Relations: ir.titan-intl.com/home/default.aspx
Company Research Source: Yahoo! Finance
of off-highway wheels, tires, assemblies, and undercarriage products, today announced a decision to consolidate production within its North American manufacturing footprint, which will result in the closure of its manufacturing facility in Jackson, Tennessee by the end of October 2026. The Company expects production currently performed in Jackson to be transitioned to other existing Titan facilities over the coming months. This action is part of Titan's ongoing efforts to optimize its manufacturing footprint and improve capacity utilization. "The decision to consolidate production and close the Jackson facility is difficult knowing the impact it has on our team members and their families," said Paul Reitz, President and CEO of Titan International. "Titan continues to take deliberate actions to improve its operating efficiency while maintaining the flexibility and scale required to serve our customers." The closure of the Jackson, TN facility will impact approximately 140 people Show less Read more
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