Marangoni SpA is investing more money into its Marangoni Retreading Systems Deutschland GmbH.
The 2012 expansion plans for the subsidiary, which was reorganized last September, were approved at the end of January. They will provide "considerable capital spending" to the company in the second half of the year.
An investment of around 2 million euros (approximately $2.5 million) is necessary because of "changes in the cold retreading market and continuing efforts to achieve competitive advantages and greater benefits for customers," says the company. The money will be used to install a second Alpha Ring line, which will double RingTread production capacity in Hamburg, Germany.
"We started out by offering rings, then in 2004 the first Alpha Ring line was installed; this quickly reached saturation, hence the decision to invest in a second line," says Matthias Leppert, managing director of Marangoni Retreading Systems Deutschland.
"Annual production will be around 4,500 tons, and this will allow us to serve and develop, from our site here, all German speaking markets, Scandinavia and Eastern Europe."
With the Alpha Ring technology, the entire ring moulding process is controlled by integrated software that manages every single phase without operator intervention: from extrusion of the raw rubber directly into the molds, to building the finished ring.
