Rubber Technology International Inc. announced that gross revenues for July exceeded $440,000, a 389 percent increase over the same period last year.
Combined revenues for June and July increased 156 percent over the same period in 2000. The company sees continuing demand through the year and increased demand for next year.
With the addition of new machinery and deployment of new processing procedures, RTI is streamlining its production for improved efficiency resulting in higher output and an improved bottom line.
Rubber Technology International Inc. is a tire recycling operation. The company both grinds scrap tires for use in molded products and licenses its technology for use by other parties.