Maurice Taylor, Chairman of Titan International, Inc., issued a note to shareholders on June 9, 2025, ahead of the Annual Shareholder's meeting. He expressed gratitude for the support from ISS and Glass/Lewis, who recommended votes in line with the TWI Board.
Taylor discussed the benefits that tariffs are expected to bring to Titan and its shareholders, referencing a past International Trade Court (ITC) victory against China around 2012 regarding farm and off-highway tires. He highlighted Titan's six tire plants across the U.S., including Freeport, IL, Des Moines, IA, and Bryan, OH, which possess ample capacity to meet U.S. market needs.
He suggested a future scenario where agricultural equipment imported into the country could be fitted with wheels and tires produced in the USA, potentially lowering tractor costs and increasing American manufacturing. Taylor emphasized that President Trump's efforts to level the playing field for American industry would benefit Titan.
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