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 cost-efficiency and compliance to the NR12 safety norm.”

TRM can find solutions to those requirements and has the expertise to work in this environment, believes the MD.

“We are looking with great interest at the market despite the import duties and the not favourable exchange rate" Villa added.

TRM is working with regional industry veteran Marcelo Amorim, who has experience of working with major tire companies in the region, on the proposed project.