ROVERETO, Italy (Nov. 2, 2012)—Retreading equipment maker Marangoni S.p.A. said its truck and earthmoving division has increased market share and profitability, both in Italy and the main European markets, in the first nine months of 2012.
However, the company said it does not expect the market and overall demand to increase during the final months of this year. Marangoni said it has achieved positive results in the European heavy transport and site/quarry market, despite that market suffering a deep recession in both the new tire and retreaded tire segments.
Marangoni said that while sales volumes remained stable, the truck and earthmoving tire sector recorded an increase in turnover in all main European markets, accompanied by a clear improvement in operating margins. The Italian company attributed this to a series of investments it neared in its product range with the introduction of new products, and also with improvements made in the distribution supply chain.