Automotive wheelmaker Titan International Inc. agreed to supply Deere & Co. wheels for a three-year term. The deal gives Deere a steady supply of wheels at pre-determined prices, except for raw-material price adjustments that will be passed to Deere.
Maurice Taylor Jr., Titan president and CEO, said: "This is a very beneficial contract for both companies. 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."
Titan supplies wheels, tires and assemblies for off-highway equipment used in agriculture, earthmoving/construction, and consumer markets.