MARANGONI PRODUCES CONTI RETREADS
The Italian Marangoni Group and Continental AG have signed a letter of understanding concerning a future global cooperative relationship. As outlined in the letter, Continental will grant Marangoni an exclusive license to market the ContiTread brand.
Continental grants to the Italian retreading specialist the right to produce and sell ContiTread brand cold-cure tread liners. “Marangoni and Continental have been successfully working together in various areas for years. This cooperative relationship will allow us to add an important facet to our previous collaboration,” says Eckhard Wilanek, managing director of the fleet & retread business.
Both companies expect the cooperation to yield rapid growth in the global market, with Marangoni expanding its retreading business and Continental its new tire business.
The Conti Commercial Vehicle Tires division, which oversees the development, production and global distribution of truck, bus and industrial tires, posted a turnover of approx. €1.5bn in 2007 with a workforce of over 8,000 employees.
