Historically, much of Titan's business was performed through Tire Recycling Technologies Corporation ("TRTC"), formerly a wholly owned subsidiary which was merged into Titan in 1999. TRTC was directly involved in licensing the Company's proprietary technology, as well as construction of two plants in South Korea. Both Korean plants have reportedly been shut down because of the insolvency of the owners, which reportedly was unrelated to operation of the plants. Titan has not received any current information on the status of these plants within the last year. A third plant utilizing the Company's tire recycling technology was in operation, in Taiwan, for more than three years, by Forest All Industry Corporation until the Taiwanese government began using automobile tires for other purposes (such as generating electricity) and thus cut the supply of tires to Forest All Industries to approximately 10 days per month which made their operation impractical. At present the Taiwan plant is not in operation.
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| Date: | Aug 14, 2009 |
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| Price: | Free |
| Pages: | 6 |
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