With its acquisition of all remaining shares in the Marangoni GRP joint venture expected to be completed by mid-July, Marangoni Group is now looking forward to “embarking on its solo journey in India,” a region it considers a “fast-emerging key market in the retreading sector.”
On Tuesday, the Marangoni Group and Indian reclaimed rubber manufacturer GRP Ltd. entered into a non-binding Memorandum of Understanding for the sale of Marangoni’s equity shareholding in Marangoni GRP Pvt Ltd, a 50/50 joint venture established in 2015 to bring the Marangoni Ringtread system of retreading to India.
The Marangoni Group has return to the specialist tyre retail business – a sector it excited roughly three years ago. As reported by our Italian sister company PneusNews.it, the group best known for its extensive retreading heritage, recently took over the company La Genovese gomme (LGg). The tyre retail chain runs five locations in Sardinia (specifically Sassari, Oristano, Olbia, Macomer and Elmas) and together with the production of retreaded tyres to support them. LGg also makes retreads at its Elmas locations “using the best possible materials”.
As of 24 April, the Marangoni factory in Brazil is 20 years old. Inaugurated in 2001, the plant in Minas Gerais state was instrumental in introducing the Ringtread system to markets throughout Latin America, and as such has fulfilled Marangoni’s mission of providing tyre retreaders and their customers with “a higher quality product” suited to a continent that’s home to one of the world’s largest road networks.
The Memorandum of Understanding signed between the Marangoni Group and Onyx Group in January has now been finalised. With the transaction’s execution, the UAE-based company has acquired all shares in four Marangoni S.p.A. solid tyre businesses. The manufacture of solid tyres will continue at the Marangoni S.p.A. plant in Roverto, Italy, under an off-take agreement with Onyx.
A fair few changes have taken place within the Marangoni Group’s management team this month. The company reports it has “seen a high turnover in management positions” since the beginning of February, changes that represent a “further step in the generational change that is taking place within the Group.
The Marangoni Group and UAE-based conglomerate the Onyx Group, through its subsidiary Ceylon Steel Corporation (CSCL), have signed a binding Memorandum of Understanding pertaining to the industrial tyre market. Upon announcing the MoU’s signing, Marangoni states that this represents “a further step in the strategy of Onyx Group to invest in the tyre sector, with the objective of becoming the largest tyre manufacturer in Sri Lanka and serving both local and international markets.”
Just a few months after the partnership between the Marangoni Group and Leader Rubber Co. S.A., a leading South African retreading materials supplier, began with the intention of supporting Marangoni’s African market development, Auto & Truck Tyres (A&TT), the biggest retreader in the region, has completely upgraded its plant in Wadeville, Johannesburg. This large A&TT […]
Marangoni Group has acquired Recamax Reifen, a German distributor of earthmover retreads. The purchase follows the acquisition of Wenzel Industrie in 2009.
According to the company, the partnership between Recamax and Marangoni has been going for more than 25 years. It was reinforced with the objective of consolidating and strengthening Marangoni Group’s presence in Germany, one of the most important markets in Europe.
LgG [Screenshot], OpenStreetMap