Category: Investments

Marangoni GRP adds Chennai Ringtread franchisee

Indo-Italian JV Marangoni GRP (MGPL) has introduced a new entrant into the commercialtyre retreading business with Ringtread franchise eXtramiles in Chennai, India. Giuseppe Marangoni, Vice President of Marangoni Group, and Harsh Gandhi, Joint Managing Director of GRP inaugurated the franchisee…

Forestry equipment tyre market on a roll

Increasing demand for wood and wood products, coupled with the shift towards automation in forestry operation to increase efficiency and output, is expected to lead a robust growth for the market in the coming forecast period. It is expected to…

Cimcorp establishes new operating base in Chennai

Finnish manufacturer and integrator of robotic handling solutions, Cimcorp will open its new location in Chennai, India, this June, in response to growing demand for local tyre industry automation; the decision to establish a base in Chennai strengthens the company’s…

Ravago buys rubber chemicals supplier HB Chemical

TPE supplier Ravago Holdings America has acquired HB Chemical, a distributor for the North American rubber industry representing categories of synthetic rubber, accelerators, plasticizers, antioxidants, waxes and other specialty chemicals required by manufacturers of rubber and elastomer products.  The acquisition…