Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Coronavirus
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
    • India’s PU footwear market booming
      India levies anti-dumping duty on polyols from Saudi Arabia and UAE
      World car registrations rebounded in March
      Wanhua doubled revenue in Q1 2021
    • US refrigerator import growth 149% in February 2021
      US mattress imports kept on falling in February
      World car registrations rebounded in March
      US footwear imports up in February 2021
    • Trelleborg sales down slightly in 1Q 21
      Strong start for Kingspan in 2021
      Repi expands into thermoplastics
      Vita Group expands into Italy with EUR6.1m investment
    • Repi expands into thermoplastics
      Vita Group expands into Italy with EUR6.1m investment
      Recticel completes FoamPartner purchase
      iStock, 2019, 800, Web, glue, adhesive, sticky, CASE
      Plixxent moves into the UK
    • Trelleborg sales down slightly in 1Q 21
      Strong start for Kingspan in 2021
      Wanhua doubled revenue in Q1 2021
      Grammer felt the coronavirus fever in 2020
    • World car registrations rebounded in March
      Western Europe's car registrations rebounded in March 2021
      US car sales up dramatically in March 2021
      Foam and chip shortage hit US car production
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
    • China’s PU industry on the path to recovery; plans for technology upgrades
      Chinese cold chains grow bigger
      Flexible foam rises to challenges in the Middle East and Africa
      Life at the cross-roads: what does the GCC offer PU?
    • Europe's flexible foam makers face rising prices as outages hit markets
      Western European car registrations rebound slowed in September
      Western European car registrations regained some ground in August
      Western European Car registrations rebound continued in July
    • Take out the VOC with hybrid release agents
      Batteries give pultrusions power
      Seeing a way through VOC and FOG
      Aromatic polyols for simpler rigid PU formulations
    • Taking the helm at Baumer
      Hennecke and Frimo: an automotive partnership
      Pushing ahead: AutoRIM drives KM’s UK growth
      BASF opens it first ‘Creation Center’ in Mumbai with a PU twist
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
September 16, 2020 02:10 PM

Sales and profits up at Amerityre in 2020

Utech Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Boulder City, Nevada — Amerityre, which makes polyurethane tyres for farm, leisure and warehouse use, had sales of $3.94m in 2020, up 9.8% on the previous financial year.

    Gross profit across the business rose by 4.6% to $1.10m in 2020. This compares with $1.05m in 2019. 

    Slightly higher raw material costs and higher sales of lower-margin products were the main drivers of the company's performance. 

    Amerityre numbers 2020 ($ m)
    Group 2020 2019 Change %
    Sales 3.9 3.6 9.8
    Gross Profit 1.1 1.1 4.6
    Margin % 28.0 29.4
    Source: Amerityre

    The company increased spending on R&D in the year, with a new bike tyre evaluation.

    Sales in the light duty foam tyres business were hit by coronavirus in the final quarter of the year. However, sales rebounded steadily from a heavily depressed level in April. Import tariffs on steel wheel rims from China continue to be a drag on the division.

    Amerityre is promoting its new Elastothane 500 formulation in the polyurethane elastomer industrial tyres business. This is designed to offer higher static load-bearing capacity and greater abrasion resistance than closed-cell foam formulations. Sales into garden and lawn markets grew in 2020.

    The agricultural tyres division was hit again by low farm commodity prices, with Chinese tariffs on US soybeans having hit US producers. Large OEMs and distributors serving the farming market believe the sector will not pay more for premium tyres. 

    Recommended for You
    Trelleborg sales down slightly in 1Q 21
    Trelleborg sales down slightly in 1Q 21
    Strong start for Kingspan in 2021
    Strong start for Kingspan in 2021
    India’s PU footwear market booming
    India’s PU footwear market booming
    Latest Issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Office 127,
    61, Willow Walk,
    London
    SE1 5SF
    E-mail us
    +44 (0) 203 287 5979

    Customer Service:
    +1 313 446 0450

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • Coronavirus
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe