Marangoni S.p.a and GRP Ltd, India’s largest rubber recycling company, established a joint venture to carry on the business of commercial vehicle tyre retreading in India.
The JV leverages the strengths of the two partners – Marangoni as a retreading systems company and GRP in rubber recycling and understanding of the Indian market – to bring a world class retreading solution to the Indian commercial vehicle fleets that will help them extend the life of their tyres and lower their operational costs. A unique technology that will be seen in India for the first time will be Marangoni’s Ring System – Ringtread – the splice-less retread. The Ringtread technology delivers more mileage, better grip, it is more reliable and eventually will grant higher savings to the Indian fleets.
In addition to this, the JV will bring environmental benefits to the country in general and the transportation sectors in particular as good quality retreaded tyres are environmentally friendly due to lesser resource utilization.
Mr. Massimo De Alessandri – CEO, Marangoni Group said, “The evolution of the Indian market provides Marangoni a great opportunity to expand its global footprint. We have been studying this market for some years now and believe that the time is opportune to propose our retreading system to the country. The expanding road network and the wide acceptance of radials by fast professionalizing fleets gives us the confidence that with GRP, we can establish a solid presence in India.”
Mr. Harsh Gandhi, Executive Director, GRP Ltd added, “Our relationship with Marangoni as a supplier to them is more than a decade old and has been built on principles of mutual trust and respect. From our experience in tyre recycling, we believe that the growing pace of radialization is an opportunity to bring a world class-Retreading concept to Indian fleets. Marangoni was the most qualified partner for this”.