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Titan Completes Renovations of Des Moines Facility

Titan announced the completion of a major upgrade to its manufacturing facility in Des Moines, Iowa. The $2 million investment is part of Titan’s multi-year strategic capital plan and includes the addition of two new 104-inch curing tire presses, which will accommodate the recently expanded AgraEDGE tire line.

The expansion of the manufacturing facility is part of a series of strategic moves by Titan to increase output capacity and better serve its dealers and end-users. With the additional output capacity, Titan will continue to meet demand for key large ag sizes well into the future. This will result in a faster turnaround time between order placement and delivery, reducing the need for dealers to maintain high levels of inventory.

"By upgrading our manufacturing facility and investing in new tire machines, we are taking the first step towards achieving our overall growth goals," said Lester Brewer, Vice President of NA Tire Operations at Titan. "This investment has allowed us to increase our output capacity for premium tires, positioning us to better deliver on the projected additional volume needed in the marketplace."

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.