Marangoni Licensed to Produce ContiTread Retreading Materials
Marangoni Group and Continental AG have signed a Memorandum of Understanding that will see Continental transfer the production and marketing of ContiTread pre-cure treads. “Marangoni and Continental have been working for years in various fields together successfully. This cooperation is another important and complementary facet,” said Eckhard Wilanek, Continental’s Managing Director of Fleet & Retread Business. No details of the financial side of the arrangement have been released, but both companies hope to benefit from faster growth in the global marketplace – Maragoni in the retreading segment and Continental in the new tyre business.