Marangoni Group started its Franchising operations in India in mid-2018. Recently, the company established its first exclusive franchisee in North India. Manoj Tyres, an existing retreader at Kanpur, operates in one of the largest tyre markets in India in Uttar Pradesh (UP). Manoj tyres was sourcing retreading material from two leading Indian retreading companies before switching exclusively to Marangoni India. One result of the partnership is that a new greenfield facility has been commissioned with new equipment, including Marangoni’s RingTreader RT920.
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.”
Marangoni Group is now the proud 100 per cent owner of the business it established in 2015 as a joint venture to bring its Ringtread retreading system to India. In a notification sent today to the Bombay Stock Exchange and the National Stock Exchange of India, former joint venture partner GRP Limited confirmed disposal of its 50 per cent shareholding in Marangoni GRP Private Limited.
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.
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.
Marangoni has enlarged its range of pre-cure rings and treads for winter applications with a new product, the Ringtread Blackline ICE202. This 3PMSF drive tyre pattern was developed with long-haul use and “severe winter conditions” in mind, such as those encountered in Nordic countries. The ICE202 is already available in size 315/70R22.5, with 275/70R22.5 and 295/80R22.5 to follow soon.
Marangoni Retreading Systems has expanded its Ringtread business in the Benelux countries. The Italian retreading specialist has entered into a partnership with Kargro Group company Tyre Plan Europe, signing an exclusivity agreement for the use of Marangoni’s retreading technology in the region. Tyre Plan Europe BVBA was established in 1988 in Kalmthout, Belgium and until recently operated as a Bandag franchisee. The newest partner in the Ringtread business has developed into one of the region’s largest pre-cure retreaders over the years.
Marangoni Tread North America (M.T.N.A.) is preparing for a change of leadership. Bill Sweatman, the company’s president and chief executive officer, will retire on 1 May and be succeeded by Clif Armstrong.
Marangoni’s Ringtread retreading process doesn’t yet have a sizeable footprint within India’s large commercial vehicle sector, but it is growing. The Marangoni GRP Private Limited (MGPL) joint venture that was established in late 2015 recently took on its fourth franchise partner in India. Marangoni says it is also progressing with plans to add a further four franchise partners.
Marangoni Tread Latino America has been accredited with INMETRO certification for its RingTread and Unitread pre-cure retreading materials production. Certification came after an independent assessment of Marangoni’s production plant in Brazil by Instituto Falcão Bauer, an accredited certification body in Brazil.
Since late 2015, the Marangoni Ringtread process has been represented in India by Marangoni GRP, a joint venture between the Marangoni Group and India rubber recycler GRP. The joint venture operation has now begun the rollout of a network of franchised retreaders within the country – the first, Autobahn Retreading, has opened its doors in the city of Kochi (Cochin). The Autobahn Retreading plant was officially inaugurated by Giuseppe Marangoni, vice-president of the Marangoni Group, together with GRP’s chief executive officer, Harsh Gandhi.
The Marangoni Ringtread system is entering “new territory” with the signing of Finnish retreader and Point S member Lujakumi Oy has signed up as a Marangoni partner. Based in Pori on the country’s west coast, Lujakumi Oy has been in the retreading business for more than 60 years, and look forward to the new partnership agreement.
Marangoni Retreading Systems has introduced the new RZ Fe 100 pattern, completing its range of Ringtread trailer rings. The new product is designed to meet the demands of this selective market, with high mileage and low fuel consumption characteristics; the Fe part of the product name stands for “fuel economy”.