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Following an extensive period of investment at its manufacturing facility in Klang, Malaysia, Maxrubber Industries Sdn Bhd, the fast-growing manufacturer of tyre retreading materials, has announced that it will be embarking on a targeted export drive with a view to developing a strong presence in the European market.

Indo-Italian retreading JV MGPL is further strengthening its presence in India by appointing another franchisee in the southern part of the country. The JV opened a retread site through new franchisees in Hyderabad, Capital of Telangana in December 2019.

The retreading industry in Russia has been experiencing a strong inflow of investments during recent years but is far from fully materialising its potential. The share of used tyres ending up at retreading plants is still far below than that of Europe or North America, although the market is well-protected against cheap imports.

 

During the annual Gala dinner at the Tire Technology Expo on February 26th 2020, VMI was honored with the Tire Manufacturing Innovation of the Year award. The award was received by Mr Harm Voortman, President and CEO of VMI Group.

The 4JET Group (Alsdorf, Germany) has acquired the TIS testing systems business unit for tyres and wheels from Hennecke Systems.

Ohio based retreader H&H Industries is making a major investment in advanced buffing and tread cutting technology by selecting TRM’s “Eagle 51” buffer and tread grooving machine as part of its strategy to be a leader in the OTR retreading segment. 

It is only thirteen years since Canada-based International Tire Repair Solutions Inc. (ITRS) was founded, but since then the company, headquartered in Montreal, has developed to become the world leader in cable replacement technology.

REMA TIP TOP West GmbH and the German employers’ liability insurance association for Raw Materials and the Chemical Industry (BG RCI) have launched a joint initiative for more work safety.

As part of its continuous expansion, Vulcan-Vulcap Industries has announced the appointment of Shamrock Marketing as one of its distributors for the US market.

According to the legal news service Law360, a £7.2 million lawsuit has been brought by Grantham Capital, the owners of UK retreader Vacu-Lug, against 37 individuals, who Grantham accuses of fraudulently manipulating the financial records it used to base its offer to buy the company in 2018.

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