Amerityre Licences Qingdao Qizhou For Polyurethane OTR Retreads
Amerityre Corporation has entered into a manufacturing license agreement with Qingdao Qizhou Rubber Co., Ltd., Qingdao, China. The agreement grants the Chinese company a license to initially manufacture polyurethane elastomer retreads for three large-size tyres for mining applications, using Amerityre’s innovative retreading process, in exchange for a $400,000 license fee payable over the next two years.