At Wolverhampton Magistrates' Court this week, the company pleaded guilty to failing to take reasonable care for the health and safety of employees under S2(1) of the Heath and Safety at Work Act 1974.
The court imposed a fine of £13,500 with costs of £2,888.04, and also ordered the company to pay £4,000 in compensation to the injured worker.
The case centred on an incident in June 2007.
A casing operator was inspecting tyre casings when a forklift truck loaded with a four high stack of steel pallets passed by.
The pallets were not secured, and toppled onto the worker, breaking a rib in two places.
HSE inspector Amarjit Kalay said: "It is important that individuals and employers remember their duties under the law to take reasonable care of the health and safety of others, who may be affected by their acts or omissions at work."
AM's August 8 issue, out today, has a special feature on health and safety.