Boulder City, Colorado — Amerityre, which makes polyurethane tyres for industrial and farming applications, had sales of $3.5m in 2019. This is lower by 3% than the same period in 2018
Gross Profit across the business fell 4% and hit $1.054m in 2019.
The company said that demand for its light duty polyurethane foam tyres were higher than expected in the final quarter of the year. But, tariffs imposed by the US government on imported Chinese products hit the business. The company imports its steel wheel hubs from China.