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NEWS
Hankook to Invest in Retreading Sector Says Heywood
Hankook Tyre is looking to invest significantly in its retreading activities as it looks to increase its share of the European TBR market. This was revealed by the Korean manufacturer’s newly appointed European Truck Tyre Marketing Director Guy Heywood during the recent Commercial Vehicle Show held in Birmingham, UK.
Says Heywood; “Hankook can currently claim 11% of the European market for new truck and bus radials, and that is a remarkable achievement, but we believe the opportunity is there for us to double or triple our volumes. To do so, however, requires that we have a good retread offer for success in the fleet business. There is clearly a significant opportunity for us in the retread market, and we aim to
achieve a good share in this sector within the next 2-3 years.”
According to Heywood, Hankook will be expanding its Alphatread range of retreads, which uses Hankook casings by adding new compounds and tread designs.
The company also plans to use the recently acquired German retreader Reifen Mueller to help it achieve the increase in retread sales.
“We will also be looking to add more services within the retread arena,” said Heywood. “In addition, though, new technologies will be a key area of our focus in the coming years, as it will for all manufacturers. Areas such as the development of tyres for electric vehicles, the move by tyre manufacturers into mobility integration and the implementation of technologies such as RFID, will provide both a change and a challenge for the retreading industry, but will invest in these areas, as we believe retreading will be of key importance in the future,” he concluded.
It is because of these differences that the two company teams progressively reached a crossroads, and in future their respective development paths will continue independently.
The parent company Marangoni SpA, together with its affiliated companies, will continue to follow its strategic lines and, in particular, the activities related to the partnership started in 2018 with Borrachas Vipal, a project that has so far seen the definition with the Brazilians of a series of plans and joint ventures limited to the Americas. As far as Europe is concerned, the Group says it is working together on an industrial plan that first of all values all the possible industrial synergies. The common strategic objective, says the
Group, is the creation of the main independent world player in retreading, where "independent" means being disconnected from a specific tyre brand or manufacturer. In restricting its scope to the retreading area alone and joining forces with an important partner like Vipal, the Marangoni Group says it is gearing up to take advantage of today's market challenges; globalisation and the spread of electronic commerce, combined with disruptive technologies (digitalisation, business models based on service and sharing, etc.) and with the principles of the circular economy, which offer opportunities for growth in a sector that has not seen such substantial changes for decades.
Marangoni Group Completes Separation of Marangoni Meccanica
Following the recent corporate reorganisation that led to the release of Marangoni Meccanica from Marangoni group, T.R.M. – Tyre Retreading Machinery has issued a statement clarifying its position
an incomparable product portfolio that covers the market in its four business lines - car, truck, OTR, aircraft - for both retreading technologies: hot and cold.
“TRM confirms itself as a reference
TRM Clarifies Position Within Marangoni Group
The Marangoni Group has redefined its Group structure following the completion of the capital increase of Marangoni Meccanica S.p.A. and the latter’s entry into the shareholding structure of La Finanziaria Trentina S.p.A. and Alpenring S.r.l., coinciding with the company's exit from the Marangoni Group perimeter. According to a statement from the Group, the finalisation of this process represents an important step in the Marangoni’s strategic repositioning process, begun in 2011, which now sees the Group entirely focused on its historic core business of tyre retreading.
“The activities of Marangoni Meccanica now belong to an entirely different segment: that of machinery for the production of new tyres,” said the statement. “Unlike what one might be led to think, these two sectors are not particularly synergistic with each other.”
Marangoni Meccanica deals with the design of plants for the production of new tyres and is specialised in agricultural and earthmoving applications. Over the past two years, the company has had negative results that have eroded the assets and made the recapitalisation necessary. The Marangoni Group, on the other hand, is focused on the segment of tyres for trucks and buses. This applies both to the direct production of retreaded tyres, which since 1968 has taken place in the Via del Garda plant in Rovereto and to the more international division of Marangoni SpA, called "Retreading Systems": the business unit that produces the semi-finished products used by the Group’s tyre retreading customers located all over the world, including the patented Ringtread System, which has helped the Marangoni Group become synonymous with innovation in retreading.
within the Group.
In a pre-prepared press statement, the company points out that it has now acquired greater freedom of action by being able to present itself on the market as the company of the Marangoni Group specifically and highly specialised in the realisation of solutions, technologies and machiner y for retreading. “TRM,” says the statement, “boasts
company for the development of technological solutions, customised as well for the retreading of all the players in the market.
“TRM is an Italian excellence that exports worldwide more than 90% of its production. Actually, its machines can be found in the Americas, Africa, Middle East, Far East and also in Oceania.”
4 Retreading Business