With its acquisition of all remaining shares in the Marangoni GRP joint venture expected to be completed by mid-July, Marangoni Group is now looking forward to “embarking on its solo journey in India,” a region it considers a “fast-emerging key market in the retreading sector.”
The Marangoni Group made money again last year despite significantly declining sales. With key figures improving, questions of the future relationship between the Italian firm and global retreading supplier Vipal Rubber reappears. The Brazilian company acquired a majority share in Marangoni Tread North America via a joint venture in 2019 and is reportedly about to take over the Marangoni activities in Latin America, which are currently being restructured. It would very much like to take over the entire company. Vittorio Marangoni, president of the Marangoni Group, confirmed that negotiations were ongoing between the firms three years ago to Tyres & Accessories. These could now also end positively in the interests of Vipal Rubber as part of a capital increase, according to company sources.
As of 24 April, the Marangoni factory in Brazil is 20 years old. Inaugurated in 2001, the plant in Minas Gerais state was instrumental in introducing the Ringtread system to markets throughout Latin America, and as such has fulfilled Marangoni’s mission of providing tyre retreaders and their customers with “a higher quality product” suited to a continent that’s home to one of the world’s largest road networks.
The Vipal agreement, the Dmack project, the political storms, the ever-changing retreading market. Vittorio and Giuseppe Marangoni, president and vice president of the Italian Marangoni Group, talk about these industry-related topics and more in an interview with Tyres & Accessories.
After less than two years in the job, Dino Maggioni has chosen to step down as chief executive officer of Marangoni S.p.A. and also leave all other positions he held within the group. According to a statement issued by the company, Maggioni’s departure follows a review of the “strategical directions that were assigned to Mr Dino Maggioni in the autumn of 2016.”
The Marangoni Group and UAE-based conglomerate the Onyx Group, through its subsidiary Ceylon Steel Corporation (CSCL), have signed a binding Memorandum of Understanding pertaining to the industrial tyre market. Upon announcing the MoU’s signing, Marangoni states that this represents “a further step in the strategy of Onyx Group to invest in the tyre sector, with the objective of becoming the largest tyre manufacturer in Sri Lanka and serving both local and international markets.”
Dino Maggioni has been named the new chief executive officer of the Marangoni Group. He succeeds Massimo De Alessandri in this role and was appointed by the company’s board after approval was granted at a shareholder meeting. During the meeting, the company’s statutory charter was also modified to increase the number of directors to eight board members.
Vittorio Marangoni has taken over as president of Marangoni SpA. His appointment to the position was confirmed at a meeting of the retreading and tyre machinery specialist’s Board of Directors late last month. The Board also named Giuseppe Marangoni the company’s new vice-president, while company founder Mario Marangoni received the title of honorary president as a mark of respect for his more than 60 years of commitment in leading the Marangoni Group.
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