Business Services Industry
Made-in-U.S. CEO turns wheel maker around; Long, rough road leads to profit; chief ignored advice to outsource.(News)
Crain's Chicago Business, January, 2005 by Tita, Bob
Byline: BOB TITA Maurice Taylor Jr. quickly flamed out as a 1996 presidential candidate, but he's showing unusual grit in running Titan International Inc., a Downstate Quincy-based manufacturer that in other hands could easily have disappeared. Mr. Taylor, 60, has maneuvered Titan into a 90% marketshare in making large wheels-above 32 inches in diameter-for farm tractors, construction equipment and off-road vehicles.
Elbowing aside domestic competition and holding off imports, Titan swung to a profit last year, sending its stock up fourfold to $15.10 by yearend before edging back to $15.03 last week. Titan's prospects seemed dicey since the mid-1990s. A brutal labor strike begun in 1998 lasted more than three years. The market for off-road equipment was...
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