COMPANY MAY EXIT FARM TIRE BUSINESS
EUROPE'S TYRES & Accessories trade magazine reported that Goodyear Tire and Rubber Company is discussing the possible sale of its agriculture tire division in North America to Titan International. The magazine added that Goodyear would retain its European ag tire business.
Tire industry figures indicate that Goodyear's farm tire production capacity in its Freeport, IL, plant is about 10,000 per day. Titan's Des Moines, IA, plant is estimated to produce 8,000 tires a day.