Yearwood Tire Inc. has expanded into industrial tire retreading to pick up business in a waning market.
While sales have been down since 2008my customers need customers, said owner John Yearwoodthe Victoria-based retreader has been enlarging its operations, including adding 4,000 square feet to its 18,000-sq.-ft. plant and installing three new chambers and a boiler. It plans to eventually double its production line.
Last year the OTR tire retreader produced about nine OTR units per day, consuming about 600,000 pounds of tread rubber.
This year the company is retreading solid industrial tires and offering tire/rim packages to increase its market share, Mr. Yearwood said. The company now retreads the smallest to the biggest tires.
He said that while the company's large OTR customers are cutting back on business, retreading requests are picking up in the industrial market as businesses try to reduce expenses on new tires. We decided that's the market to go for, Mr. Yearwood told Tire Business.
The plant has been operating with one shift but is working on adding a second shift and has hired a few more employees for a total staff of 27.
While not disclosing sales figures, Mr. Yearwood expects this year's revenues to be on par with 2009.
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