Italy’s Ministry of Economic Development office has confirmed that a meeting took place at the end of March at the Marangoni S.p.a, plants in Rovereto and Ferentino to discuss the future of the company’s workforce and production future. The meeting was attended by representatives from the tyre retreading specialist, local government, trade unions and the Italian bank Medio Credito Centrale.

Key strategies for overcoming Marangoni’s current business problems including productivity measures and optimising resourse usage were discussed and it is hoped that the company can avoid restructuring its operations and eliminate the need for partial staff layoffs which were proposed in January.

At the same time talks continue between Marangoni and Brazilian retreading material suppliers Borrachas Vipal SA concerning the possible optimisation of synergies and productivity levels through a new business partnership.