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Titan Wheel will hand out record bonuses at Quincy, Ill., plant

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Employees at the Titan Wheel Corp. manufacturing facility in Quincy, Ill., will receive a record summer bonus of $2.20 per hour. The average payout will be close to $2,500 per person.

"I would like to congratulate all the Quincy employees," said Titan CEO and President Morry Taylor. "There is not a better team anywhere.

"Every night the talking heads on TV say that manufacturing is dead in the U.S., but the Quincy Titan employees have proven that hard work can build a successful company."

The previous summer bonus high at the Titan plant was $1.45 per hour in 1998.

The stock price of Titan International Inc., Titan Wheel Corp's parent company, closed at $10.55 a share on Friday, July 2. That compares to a 52-week high and low of $10.80 and $1.01, respectively.

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