Marangoni Establishes a New Partnership in Brazil

In late October Marangoni announced the largest acquisition of new business the company has made outside of Europe. Its Brazil subsidiary, Marangoni do Brazil, has reached an agreement with Release Pneu Point to convert all eight of the retreading plants operated by Pneu Point to the Ringtread system. This conversion will be complete by the end of 2007. Pneu Point is a fast growing group that is active in the area of new vehicle distribution and new and retreaded tyre services, and Marangoni believes the adoption of the Ringtread system will permit Pneu Point to accelerate the growth of its retreading division and will allow a better integration with all its other activities.

With this cooperation, Marangoni has made what it calls the ‘most important step forward’ in its program to penetrate one of the largest truck tyre retreading markets in the world, following the start up of local production in the year 2000.