MADISON, Tenn. – U.S. Representative Jim Cooper (5th District, Tenn.) presented to Bill Sweatman, president and CEO of Marangoni Tread North America (MTNA), a Special Congressional Recognition for outstanding contributions to the economic development of the State of Tennessee.
 
Rep. Cooper expressed his pleasure in having Marangoni as part of the community and congratulated the company for its success.
 
Cathy McKellar of The Old Hickory Area Chamber of Commerce presented the 2011 Momentum Award to Marangoni for exceptional standards of success for 2011.
 
McKellar stated in her presentation, "Marangoni Tread is exactly the kind of company we want to attract to our area and are very proud that they chose to build here to have made such a big contribution to our community.”
 
To meet the growing demands of the commercial truck tire market, Marangoni Tread North America, located in Madison, Tenn., completed its biggest plant expansion in its history in 2011, a $10 million investment resulting in the addition of 42 new manufacturing jobs in middle Tennessee. MTNA employs 82 people at the Madison location.
 
Upon receiving the recognition, Sweatman stated, "Marangoni Tread North America upholds a strong brand, known for its dedication to quality and its commitment to independent retreaders and commercial dealers in North America. The Marangoni RINGTREAD System of retreading truck tires offers a distinct competitive advantage and that continues to support our commitment in leadership in retreading technology.
 
"We are very happy with our decision to continue to invest here in the United States and especially in Middle Tennessee. We chose Middle Tennessee for its location, but we made the decision to grow, expand and invest here because of the people," he said.
 
Marangoni Tread North America supplies materials for the retreading of commercial truck tires throughout North America through its network of independent, licensed retreaders.
 
Due to growth of more than 25 percent over last year, Marangoni had to more than double its manufacturing capacity just to meet market demand for its products. The company says the more than $10 million investment in the most modern tread manufacturing of its kind will help Marangoni continue to grow market share, market strength and customer satisfaction.
 
Marangoni added that 2011 marked the 11th consecutive year of increased sales and market share for the MTNA.