Titan again raising prices on three lines, three brands of tires

Titan Tire Corp. is raising pricing up to 10 percent on its lines of Titan, Goodyear and General off-the-road, farm and construction tires, effective Oct. 1.

The increase is to offset the ballooning cost of raw materials such as natural and synthetic rubber, steel, carbon black and energy. Certain tire prices may rise above 10 percent due to “realignment and positioning” of the product line, according to the company.

An increase in June boosted pricing 4 percent to 35 percent on the OTR, farm and construction tires. In July, prices on tires and assemblies for original equipment manufacturers rose 7 percent to 37 percent.

Parent firm Titan International recently approved a third quarter half-cent dividend payable per share of common stock owned as of Sept. 30. The payout hits Oct. 15.