Amerityre Licenses Retread Technology to China Tread Maker - Tire Review Magazine

Amerityre Licenses Retread Technology to China Tread Maker

(Akron/Tire Review) Amerityre Corp. has granted a manufacturing license to China’s Qingdao Qizhou Rubber Co.

The deal gives the Chinese company a license to produce polyurethane elastomer retreads for three large-size tires for mining applications using Amerityre’s process. In exchange, Qingdao will pay Amerityre a $400,000 license fee over the next two years.

Qingdao Qizhou Rubber Co. plans to build a new factory next to its existing operations in Pingdu, China. Amerityre will sell and assist Qingdao Qizhou in obtaining the necessary equipment and chemicals to produce the polyurethane elastomer retreads.

The plant, scheduled to open within 12 months, is expected to have an annual retread capacity between 7,200 to 10,000 units.

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