22/10/08 - New Investment to Support Growing Agricultural Market

Titan Italia Spa, a company part of Titan Europe PLC, is pleased to announce that its investment programme in new plant and machinery is continuing to plan. In 2008 to support the continuing strength of the global agricultural market, Titan Italia has invested approximately €5m in expanding its capacity for wheels for agricultural machines.

In the August holiday period new wheel welding cells were implemented together with a new rolling line for wheel rims. The new line utilises robotics to transfer the products between operations and this gives it uniqueness in the global market place. The new line was commissioned by the Titan staff using a combination of new equipment together with the refurbishment of older plant obtained from within the group. The line can manufacture rims in sizes 20 inches in width up to 46 inches in diameter and supplements Titan Italia’s already impressive range of equipment to manufacture the whole range of customers’ needs. Together with investment in Titan France and Titan Jantsa, Titan Europe is well positioned to maximise opportunities in the agricultural market.

John Wheelwright, commercial director said, “The investments which we have made give us additional capacity to support the expanding market and also to give more options to our OEM customers. The line is state-of-the art but the investment was managed within tight capital constraints by using a combination of new and old plant with the expertise of the Titan Italia personnel being key.”