I am going to comment on Titan International's (NYSE:TWI) announcement on January 8, 2016 that it filed petitions for relief from imports of off-the-road ("OTR") tires from China, India and Sri Lanka. The petitions were filed jointly with the United Steelworkers union that covers employees at Titan and Bridgestone (Firestone).
To understand the motivation for Titan's petition, I first examine Titan's original-equipment manufacturer (OEM) and aftermarket businesses.
Titan's Competitive Advantage in OEM
Titan dominates the market for wheels for agriculture, holding more than 75% of the U.S. market. Since wheels wear out less quickly than tires, the wheel business is primarily driven by OEM sales. Titan's wheel technology is patented.
Titan also has a strong position in OEM
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