Marangoni mulling investment in Brazil

Ala, Italy – Tyre Retreading Machinery (TRM), part of Marangoni Meccanica SpA, has said that it is “looking with high interest” into investing in South America, particularly Brazil.

In a 13 June statement, the Italian company said it explored the idea further with Brazilian and Latin American tire officials during the recent Tire Cologne event in Cologne, Germany.

The Brazilian market is currently facing great challenges, according to Alessandro Villa, TRM’s managing director.

These, he said, include “a concentration of the activity in large retreaders, the pressure on…

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