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Marangoni expands in North India

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Marangoni

Marangoni Group started its Franchising operations in India in mid-2018. Recently, the company established its first exclusive franchisee in North India. Manoj Tyres, an existing retreader at Kanpur, operates in one of the largest tyre markets in India in Uttar Pradesh (UP). Manoj tyres was sourcing retreading material from two leading Indian retreading companies before switching exclusively to Marangoni India. One result of the partnership is that a new greenfield facility has been commissioned with new equipment, including Marangoni’s RingTreader RT920.

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Marangoni acquires Leader Rubber majority shareholding

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The Marangoni Group has acquired a majority shareholding, 51 per cent, in the South African tread maker Leader Rubber Company SA (Pty) Ltd. The move is the latest development in the decade-long partnership between Leader Rubber and Marangoni. The Italian company acquired a 25 per cent share in the company in 2015, a move it described as the “culmination of a partnership that has been ongoing for several years.”

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Marangoni buys stake in South Africa’s Leader Rubber

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Marangoni S.p.A. has acquired a 25 per cent share in South Africa’s Leader Rubber Co. S.A., the Italian company reports. It describes the signing of an agreement to this effect as the “culmination of a partnership that has been ongoing for several years,” and says the objective of taking a 25 per cent shareholding is to strengthen both companies’ presence in the South African market and throughout Africa.

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