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
  • Ukraine
  • 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
MENU
Breadcrumb
  1. Home
  2. News
February 18, 2019 12:00 AM

Tough H1 2019 for Amerityre

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

    Boulder City, Colorado — Amerityre, which makes polyurethane tyres for industrial applications, experienced a 10% fall in sales to $1.61m in the first half of 2018.

    The company’s gross profit was $414,000 in the 2018 half. Gross profit in the first half of 2017 was $134,000 higher at $548,000.

    The firm’s light duty polyurethane foam tyres were hit in the second quarter of the year by a decline in purchases from a major PU foam customer, the company said. This is important because, the company added, sales of polyurethane foam tyres to original equipment manufacturers, distributors and dealers accounts for the majority of its revenue.

    Amerityre said its industrial tyre segment was field testing a higher load-bearing, higher abrasion resistance formulation; more customers purchased samples for evaluation in the quarter, it said. The company added it is aiming this formulation at personnel carriers, luggage carts and some lawn mowers.

    Low farm commodity prices continue to hit sales in agricultural tyres segment. This is partly a result of Chinese tariffs, which have hurt US farmers, Amerityre added. 'We are likely to find better investment of our development funds in other market segments,' the company said.

    High raw material prices and tariffs on imported materials have been the main factors behind declining numbers year-on-year. The company raised prices in September 2018, but in response customers became more frugal and sales declined.

    'We are hopeful that raw material costs will stabilise during the rest of 2019,' the company said. 'The question as to whether sales volumes will recover is unknown. Despite reports of a robust economy, we are seeing evidence of an economic slowdown adversely affecting demand for our products. We are managing our business activities accordingly.'

    Amerityre numbers H1 2018
    H1 2018 $(k) H1 2017 $(k) % Change
    Sales 1,612 1,793 -10.1
    Gross Profit 414 548 -24.5
    Margin 25.7 30.6
    Source: Amerityre
    Recommended for You
    Borflex adds elastomer-coated fabrics with Bobet acquisition
    Borflex adds elastomer-coated fabrics with Bobet acquisition
    spring air mattress 800
    Spring Air signs Malaysian licensing deal
    Jaguar TCS Racing Formula E car Aero wrap 800
    Aero’s urethane films add to Jaguar Formula E cars’ sustainable credentials
    Latest Issue
    UTech April/May 2023
    Get the latest edition here
    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

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • 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