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Titan International reported its sales increased to almost $2.2 million, up 18.8% in 2013, compared to $1.8 billion in 2012.

“We entered 2013 very hopeful but were challenged by the market conditions and internal missteps,” said Maurice Taylor, CEO and chairman of Titan International. “The union negotiations at our three tire plants were not completed until the end of the first quarter, which we had hopes of finalizing in 2012.”

Both the wheel and tire farm businesses were strong in 2013, but due to the building of farm tire inventory at the OE level in 2012, a significant amount of destocking occurred throughout the year. Taylor said the company experienced similar conditions in the construction market, as this sector showed minimal signs of recovery for 2013.

Taylor also said he believes the goals he set in December for 2014 are “reasonable.”

Titan has been an Association member since 1958; .