Marangoni, GRP form Indian retreading joint venture

Indian reclaimed rubber producer GRP Ltd has announced its entry into a joint venture agreement with Marangoni S.p.A. The two partners will contribute a total of Rs 20,000,000 (£198,000) to the project; GRP says it will draw upon the Italian retreading specialist’s technical knowledge in order to commence the retreading of pre-cure retreading of commercial vehicle radials within India, and the company also expects the joint venture will strengthen its raw material collection network.