Titan Tire creates statewide optimism with plant purchase

Titan Tire creates statewide optimism with plant purchase
Staff Reporter
Titan Tire Corporation officials appear to be in no hurry to release information concerning the company’s acquisition of the local Goodyear tire plant.
Meanwhile, economic development officials at the local, regional and state levels continue to patiently wait to hear about the company’s plans for the former tire plant.
Titan Tire spokesman Krista Gray had initially informed The Messenger a press release would be issued late Monday, but in a follow-up text this morning she said the press release is now expected to be issued sometime today.
Titan Tire’s acquisition of the former Goodyear plant has generated optimism for Obion County, which had the state’s second highest level of unemployment during the past two months as a result of the Goodyear plant closure.
“I’m very pleased to welcome Titan Tire to Obion County and look forward to working with the company as it gears up operations,” Gov. Bill Haslam told The Messenger today. “Titan’s acquisition of the Goodyear plant is an important step in the process of creating employment opportunities for northwest Tennesseans.”
Like the governor, state commissioner of Eco-nomic and Community Development Bill Hagerty is excited about last week’s announcement by Titan Tire.
“The former Goodyear plant selling to Titan Tire Corporation is great news for Obion County,” he said. “My hope is that this announcement will lead to additional jobs for Tennesseans. Our department will continue to work to create a business-friendly environment that encourages companies to expand and invest in our state.”
Titan Tire has been in the off-highway wheel manufacturing business for more than 100 years. The company entered the tire market in 1993 and has evolved into a leading global supplier of complete wheel and tire assemblies for off-highway vehicles, according to the company’s website.
Titan Tire’s primary markets include agriculture, earthmoving/construction and consumer applications.
Staff Reporter Kevin Bowden may be contacted by email at kmbowden@ucmessenger.com.
Published in The Messenger 11.15.11

Leave a Comment