Chairman Vittorio Marangoni welcomes the new manager, who will lead the Group to successfully take on the new challenges posed by tyre global market
Following the appointment of Mr. Salvatore Torrisi as a member of Marangoni SpA’s Board of Directors, approved by the Shareholders Meeting in recent days, the company's new Board of Directors held a meeting today. During the meeting, the Board of Directors appointed Vittorio Marangoni as President and Giuseppe Marangoni as Vice President of the company. Knight of Labour Mario Marangoni was appointed Honorary President in view of his role as the company's founder and his more than 60 years of commitment leading the Group.
Contrary to what was reported in several recent articles, the possible 75 million dollar investment in Sri Lanka only involves Marangoni indirectly.
The Marangoni Group is present at Reifen Essen 2016 totally focused on its prime core business, the Retreading Systems, with the RINGTREAD System on top of that.
The entire international retread market has been under threat in recent years due to the fierce competition instigated by China which sells new tyres at significantly lower prices. Indeed until recently this situation was unexpected: in Europe alone it has now eroded one quarter of retreaded tyre sales.
For the Marangoni Group, Autopromotec will once again this year represent an important opportunity to meet its Italian and international customers.
Marangoni and Tatneft Group agreed to form a joint venture in Russia for tire retreading of all steel truck tires. The joint venture company will be based in Nizhnekamsk, Republic of Tatarstan.
The Marangoni Group has announced the acquisition of a 100% stake in German company Recamax Reifen GmbH, specialists in the distribution of earthmoving retreads. The Group has thus further strengthened its presence in this market segment in German-speaking countries, adding to its existing operations through the company Wenzel Industrie, acquired in 2009.
The Marangoni™ Group will be taking part in the Reifen Essen 2014 exhibition, highlighting the innovations that the Group has introduced in the retreading sector, regarding both products and technological processes.
The Marangoni Group, leading worldwide company in the sectors of tyre retreading and machinery and systems for tyre production, has announced that it will cease new passenger car and van tyre production at its Anagni plant.
