GRP has signed a joint venture (JV) agreement with Marangoni S.p.a., Italy a leading international company which owns technical knowledge relating to procured retreading process for tyres, to carry on the business of commercial vehicle tyre retreading in India. The total estimated investment will be Rs 2,00,00,000 to be contributed equally by both the partners.This venture will give GRP a strategic advantage to strengthen its raw material collection network and offer entry into the fast growing radial tyre retreading industry
GRP is the largest producer of reclaimed rubber in Asia and amongst the leaders of the same in the world.
