Marangoni Industrial Tyres Invests in Sri Lanka

Marangoni Industrial Tyres recently invested in the production of superelastic tyres in Sri Lanka, mainly for use on fork lift trucks but also for other equipment, such as: loading platforms, loaders and other industrial and commercial machinery. Company representatives did not give details of the investment that took place.

Division president, and group vice-president Mr Giovanni Marangoni stated: “This investment, part of the division’s development plans, is aimed at increasing the company’s production capacity, expanding the current customer base and -in general- increasing market share. We already have a significant presence in Europe, given the large number of customers and important partnerships with specialists in the distribution and servicing of industrial tyres. Nonetheless, we are convinced that our expertise, the superior quality of our products, and an increasingly solid industrial base will allow us to achieve even better results in the coming years”.

The new site will refer to the research and development centre in Rovereto, Italy, which is staffed by a team dedicated to the continual improvement of compounds, product and processes.

The increased production capacity will allow Marangoni Industrial Tyres to further develop its strategy, adding a new range of products for strongly-growing segments to the current offering. The proximity to emerging Asian markets will also contribute to the development of business in new geographical regions.