Sri Lanka capacity expansion aiding Marangoni’s industrial segment growth
Marangoni says it has achieved a strong position with its Industrial Tyre business in Europe and is growing in this segment in markets further afield. This growth has occurred due to a broadening of the company’s international presence and a rise in business with original equipment customers. To prepare itself for further growth, Marangoni says it has developed an expansion strategy, and states this planned expansion will further confirm its status as “one if the major players within the industrial tyre business.”
“Thanks to the positive results that this business unit is achieving year on year, the Marangoni group is refocusing its strategy in order to capitalise on the opportunities in this growing sector,” comments Lorenzo Stringari, sales director for Marangoni’s Industrial Tyre business unit. “There will be significant investment in new machinery and moulds to enlarge production capacity and range. Our primary goal now is to optimise the availability of the Eltor EVO, and for this reason Marangoni is expanding production capacity in our dedicated Sri Lankan production facility.
The Eltor EVO solid forklift tyre range was introduced last year, and Marangoni claims it offers better rolling resistance, longer working life and better safety than the previous-generation tyre. The tyre was designed at the Marangoni Group’s R&D centre in Italy in conjunction with OEM customers.
“We are extremely proud of this new product as it is one of the most advanced forklift tyres within the industry today, in fact we decided to call it Eltor EVO as it represents the best evolution of the long-time successful products Eltor 3 and Eltor 5,” adds Stringari.