Boulder City, Nevada - Developer and manufacturer of polyurethane tyres Amerityre Corp. says it had a slow first half of its fiscal 2013, which runs 1 July 2012-30 June 2013, due to a significant reduction in export sales. However, the Boulder City, Nevada-based firm said sales in its third quarter have improved and it expects them to continue to do so for the remainder of the fiscal year.
In its low-duty cycle foam tyres for products such as wheelbarrows, Amerityre said marketing efforts are focused on building distribution to expand sales. The company said it has established new distribution channels in the Midwest, East and South West regions of the US market and is currently targeting high-volume OEMs. During the second quarter of fiscal 2013 ended 31 Dec 2012, Amerityre saw a 14% increase in the number of sales orders over the previous year.
In its solid forklift tire segment, sales volumes in the first half of fiscal 2013 were close to the levels achieved during the same period in fiscal 2012 and the company expects the full year sales will exceed those of the previous year. Amerityre said it has made investments to eliminate production bottlenecks in curing and rim blasting.
Following a redesign of its agricultural products at the end of fiscal 2012, Amerityre said its newly-design tyres are entering the market and sales are "growing as expected". Agricultural tire sales volumes during the third and fourth quarters of fiscal 2013 are predicted to grow significantly over the prior year, Amerityre said.
The company did not provide any specific figures or sales data at this time.