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Directa Plus collaborates with Marangoni on tyre retreading product
(WebFG News) - Graphene producer and supplier Directa Plus has entered into a collaboration for the production of new and retreaded tyres with Italian tyre maker Marangoni.
The pair will work together to use Directa Plus' chemical free Graphene Plus graphene technology to develop a G+ product that can improve the grip, durability and fuel efficiency of retreaded tyres, thus extending their lifespan.
Giulio Cesareo, chief executive of the AIM-listed company, said "Our team already has experience of successfully tailoring and developing bespoke G+ to enhance commercially-available tyres. We look forward to working with Marangoni to bring our latest innovations for tyre applications to the market, which will reduce the environmental impact of tyre disposal around the world."
Development's and trials of the project are planned for this year with a view toward commercialisation in 2019.
Tyre retreading is an environmentally friendly and cost-effective solution to gradual wear and tear in the transport industry, where old tyres are rejuvenated through the application of new tread to the tyre structure. Marangoni is one of the top ten players in the tyre retreading market.
Dino Maggioni, chief executive of Marangoni, said: "After a comprehensive exploration of the existing technology providers, we found a perfect alignment with Directa Plus. We strongly believe that joining forces with them will allow us to shorten our time to market in our quest of providing products having superior durability and rolling resistance as well as outreach our environmental sustainability roadmap."
As of 0909 BST, Directa Plus' shares were up 4.12% at 50.50p.