19 April 2011 – acquisition

Titan Europe has acquired the remaining 50% interest in its joint venture business Titan Jantsa, based in Turkey.  The latter supplies the Turkish market and Western European customers mainly with agricultural wheels and it currently produces 150,000 wheels a year.  The group sees Turkey as an excellent base to expand its lower cost production facilities.  The shares have risen by over 26% since we recommended them just over two weeks ago – they still look CHEAP.