Following through, will create the largest global independent player in the tyre retreading sector.
The project will develop in 2019 and the first phase will involve activities in the Americas.
“We are pleased to finally be able to announce this agreement, which is the first result of the new strategic lines of development we recently adopted,” said Vittorio Marangoni, chairman of the Marangoni Group.
Marangoni produces tread rubber, retreading equipment, rubber compounding and industrial plant engineering. It operates industrial and commercial facilities in Germany, Turkey, the United Kingdom, the US, China, Brazil, Russia, and South Africa.
Vipal manufactures tread rubber, curing envelopes and tire repair materials at three plants in Brazil and has customers in 90 countries worldwide. Vipal claims a production capacity of 18,000 metric tons per month.