Business News

This news section will allow you to find out about takeovers, mergers, acquisitions and other business news within the global retreading sector.

For the 11th consecutive year, GALGO received the Socially Responsible Company [ESR] award during the virtual Latin American Meeting of Socially Responsible Companies (ELESR) meeting that was held from May 31 to June 2, 2022.

In these changing times (pandemic included) the need to strengthen education in complex industries is something to admire and a difficult exercise to apply. Therefore, it is necessary to recognise the effort and dedication that professionals such as Engineer Diego Gastón Pastor, General Coordinator of the Tire Training Institute (INCANEU) of Argentina performs daily.  

The Indian government is currently investing heavily in road infrastructure with over 60 road projects being announced worth over $10 bn. Indeed, the Indian road construction sector is expected to exhibit a CAGR of 36.16% during the period from 2016-2025 as a result of these initiatives, a trend which is having a positive impact on the retreading industry.

UK retreader Vaculug pulled off an impressive PR coup on Saturday (23 July) by hosting the launch event for Rishi Sunak’s campaign to become Conservative Party Leader and the UK’s next prime minister.

Marangoni has recognised the retreadability of Westlake OTR Tyres. The Westlake OTR casings have now entered in the retreading process by Marangoni.

When Hankook bought one of Germany’s largest retreaders, Reifen Müller, this gave Hankook access to one of the most advanced retread facilities in Germany, plus a network of 39 retail outlets.

Tyre retreading expert, Bandvulc has unveiled its all new BD5 tyre at the inaugural Road Transport Expo 2022 in Stoneleigh. 

The Marangoni Group has announced the acquisition of GRP Ltd.’s 50% stake in the joint venture company in India - Marangoni GRP Pvt. Ltd - through its wholly owned subsidiary, Leader Rubber Company (SA) Prop. Ltd, South Africa, thereby marking the start of the Italian company’s solo journey in the Indian market.

Vipal has announced several new innovations during Pneushow this year, in addition to celebrating the 25th anniversary in of the company’s partner network, the largest in Brazil with more than 200 authorised retreaders.

Pneushow 2022, which took place in Sao Paulo, Brazil from 22-24 June,  served as a stage for Unique and Tipler to present brand new corporate identities to the market, designed to convey portray an image of quality, trust, safety and performance which the Group says has characterised the two brands over many years.

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