CHICAGO — Titan International Inc. has halted investment in its Russian operations, due to the ongoing war in Ukraine and global sanctions on Moscow, according to the tire and wheel maker's first quarter 10-Q filing with the Securities and Exchange Commission.
The facility, JSC Voltyre-Prom in Volgograd in southwest Russia, is operating at lower levels in compliance with international sanctions on Russia, Titan said.
Tires produced there are sold primarily into countries affiliated with the Commonwealth of Independent States trading bloc, located throughout Europe and Asia.