Marangoni Tread North America (MTNA) is making a $10 million investment in the U.S. The company says that as the product demand in the U.S. and Canada has continued to rise each year, MTNA is meeting the larger demand by expanding its plant in Madison, Tenn.
The $10 million commitment to the North American market has allowed MTNA to increase production capacity of Ringtread, the company’s spliceless retread technology, by 30%. It will also allow MTNA to install the necessary machinery to begin producing Marangoni’s conventional precure product Unitread within its North American plant.
Construction and installation is now complete and production will begin to ramp up. Employment at the plant has increased by 20 people, and MTNA expects to add an additional 8-10 people within the next six months.
This year also marked a new direction for MTNA as it established itself as a full-service supplier and total solutions company for independent retreaders. MTNA now offers a full catalog of retread equipment and plant supplies to aide dealers in the retreading of commercial truck tires.