Titan International, manufacturer of off-highway tires and wheels, has reported that net sales for the third quarter of 2019 are down by 10 percent compared to the same quarter last year.
Net sales for the first 9 months decreased by 7.4 percent.
“Conditions in North America ag have not improved from the difficult planting season, and uncertainty abounds from a global economic perspective,” said President and CEO Paul Reitz. “These factors have added to weakening demand beyond North American ag and into the global construction market, which led to OEMs producing below retail demand levels during the quarter, which had a significant effect on our performance.”
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