TBC Brands, one of the largest distributors of proprietary brand tyres in North America, has appointed Clif Armstrong as the Director of Commercial Sales. In this role, he will lead all efforts surrounding the growth of TBC Brands’ commercial business.
Massimo De Alessandri, former CEO of Marangoni, has suddenly passed away at the age of 58. President of the Dolomiti Energia Group since 2018, De Alessandri was the son-in-law of Mario Marangoni. With a degree in economics and commerce from the University of Verona, De Alessandri has held various leadership roles at Marangoni.
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 4 May 2022 the European Court of Justice ruled that anti-dumping and anti-subsidy tariffs imposed against Chinese produced truck tyres in 2018 must be annulled. We take a close look at the ruling and the immediate impact on retreaders and Chinese tyremakers alike from page four of June’s bilingual Retreading Special supplement onwards. But what about the tariffs charges that have already been paid? And what about the ongoing impact of the tariff annulment?
Anti-dumping and anti-subsidy tariffs imposed against Chinese-produced truck tyres in 2018 must be annulled, according to a judgement published by the European Court of Justice on 4 May 2022. Tyres & Accessories understands that the verdict can be appealed between now and July, but unless that appeal is successful, the annulment of anti-dumping tariffs against Chinese-produced truck tyres will result in increased imports and sales of those products.
Marangoni announced an imminent price increase in mid-November for all products offered across the (Europe, Middle East and Africa (EMEA) region. However, at the beginning of December, the company offered further details. Regarding the specific amount of the upward adjustment “based on the product families and the respective product lines” specifical details are set to be released “in the next few days”.
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”.
Italian retreading specialist Marangoni S.p.A. reports that certification body Certiquality renewed its Rovereto factory’s ISO 14001 environmental management certification on 15 October. Renewal followed a thorough audit of Marangoni’s Environmental Management System.
Llanelli-based Tuf Treads was founded in 1979 on a different location to where the retreading facility can now be found. Back then, current owner Mike Rees joined William Lloyd in the establishment of a new venture focusing on retreading tyres in four sizes according to the Peters system. Much more recently, the firm’s current Cross Hands retreading factory took delivery of a new Marangoni nail-hole detector to upgrade its quality control procedure, something that is just the latest in a history of steady development at the company. Tyres & Accessories visited Tuf Treads to find out more about the company’s past, present and future.
In its latest Annual Report, India’s GRP Ltd. shared that the 2020-21 financial year “proved to be a watershed year in more ways than one” for the Marangoni GRP retreading joint venture. While the world and India were under the grip of COVID-19 for the best part of the 12-month period to 31 March 2021, the company says Marangoni GRP “made rapid strides in several directions” that “set it on a path of high growth and expansion in the next year.”
Marangoni’s positive recent business figures could have a sting in their tail for 188 workers at the manufacturer’s Rovereto, Italy plant. Negotiations with Brazilian retread supplier Vipal Rubber about a potential majority takeover of the Italian Marangoni Group are at an “advanced stage”, according to local press. According to the Corriere del Trentino, the regional edition of the Corriere della Sera, unions are increasingly worried about the future of Rovereto.
The Marangoni Group made money again last year despite significantly declining sales. With key figures improving, questions of the future relationship between the Italian firm and global retreading supplier Vipal Rubber reappears. The Brazilian company acquired a majority share in Marangoni Tread North America via a joint venture in 2019 and is reportedly about to take over the Marangoni activities in Latin America, which are currently being restructured. It would very much like to take over the entire company. Vittorio Marangoni, president of the Marangoni Group, confirmed that negotiations were ongoing between the firms three years ago to Tyres & Accessories. These could now also end positively in the interests of Vipal Rubber as part of a capital increase, according to company sources.
Phil Robinson has joined Marangoni Retreading Systems as senior country manager for the United Kingdom, Ireland and United Arab Emirates. In this role he supports Mike Carter during the gradual transition towards Carter’s retirement.
PneusNews.it
The Court of Justice of The European Union
Marangoni
LgG [Screenshot], OpenStreetMap
Marangoni