Marangoni Ready for Next Phase of Development in India
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.
Commenting on the development, Vittorio Marangoni, President of Marangoni Group, reaffirmed Marangoni’s focus on India as the most growing country in its global expansion plans. With its flagship product, RINGTREAD, the company has established a premium and unique position in the Indian truck tyre market and amongst quality conscious fleets through its chain of Franchisee Partners in Gujarat, Maharashtra, Kerala, Tamil Nadu and Telangana.
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