QUINCY, Ill. (Dec. 2)—Titan International Inc.'s Titan Wheel Corp. subsidiary signed a three-year wheel supply agreement with Deere & Co.
Under the agreement inked Dec. 1, Titan will provide Deere with wheel pricing for three years, with the exception of raw material price increases or decreases that will be passed on to Deere.
"This is a very beneficial contract for both companies," said Maurice Taylor Jr., Titan president and CEO. "Deere is ensured uninterrupted wheel supply and agreed upon pricing. In exchange, Titan will receive minimum order quantities and more accurate forecasting from Deere to increase productivity."