VALENCIA, Spain (July 28, 2016) — Brazil's Borrachas Vipal A/S has formed a joint venture in Spain with Grupo Soledad, a rubber compounder, retreader and tire distributor, to produce unvulcanized retreading strip rubber for European customers.
The venture, with Grupo Soledad's Mezcla Caucho compounding subsidiary in Aspe, Spain, is the first licensed Vipal production outside of Brazil.
Vipal Europe — located in Valencia — will be responsible for selling the local production. Products have already started being marketed, with priority given to clients who already use Brazilian exports so they can attest that our quality remains the same.
Establishing a production venture in Spain will help ensure more efficient service for a product line that has a relatively short shelf life, Vipal said.