Boulder City, Nevada – Amerityre, which makes polyurethane tyres for farm, leisure and warehouse use, generated sales of $4.8m in 2021 up 23.08% on the 2020 figures.
Amerityre grew again in 2021
Gross Profit across the business rose 18.2% and reached $1.3m in 2021.
The company said that price discipline had helped to maintain sales and profitability.
Lawn and garden tyre applications based on low-density formulations grew in 2020. The company added that it expects 'agricultural tyre sales to increase in the coming quarters as increases in the price of in farm commodity crops such as corn and soybeans should result in more disposable income for farmers.'
Amerityre also won agreements for large OEMs to trial its tyres in their equipment in 2021 and is optimistic that some of these will convert into contracts. It said the Elatothane 500 formulation was helping win interest because of its abrasion resistance. In a separate development, Amerityre said it had carried on the work started in 2020 and evaluated formulations and tyres for e-bike applications too.
Finally, polyurethane elastomer tyres made by the company are still struggling against lower priced rubber press-on tyres. The PU elastomer tyre business accounted for about 0.1% of sales in 2021, Amerityre said.