Marangoni Partners With Leader Tread in South Africa
Marangoni Retreading Systems is venturing into new commercial ground after establishing a cooperation agreement with Marathon, part of the Leader Rubber group in South Africa. According to the retreading systems manufacturer, partnering with Marathon opens the door to two million unit-strong South African new tyre/retread market. Marangoni Retreading Systems and Marathon expect to complete South African market penetration by the end of 2011.
The agreement see Marathon provide the distribution platform and sales support to partners producing retreads with the Ringtread system, which is seen as a quality and cost saving response to the price-based market made up largely of Far Eastern products.