Marangoni and Tatneft Group have agreed to form a retreading joint venture in Russia.
Based in Nizhnekamsk, Republic of Tatarstan, the joint venture to retread all steel truck tyres will operate as KaMaRetread LLC and is expected to commence operations in the first half of 2015. Trading house Kama, a wholly owned subsidiary of Tatneft, will own 65 per cent, while Marangoni SpA will own the remaining 35 per cent. Tatneft is the owner of Nizhnekamskshina, which recently reached the milestone of two million all-steel radial truck tyres produced by its Nizhnekamsk factory.
Marangoni said that it will contribute its equipment, technologies and experience in tyre retreading, while providing the necessary training. Tatneft Group will provide the retreading facility, management and personnel, as well as local expertise. In a joint statement the companies said that they consider the JV the “first step for the expansion of cooperation in the future”.
The JV will provide truck tyre consumers with “top quality retreading service assured by advanced level of technology aimed at offering a significant increase in the tyre life,” Marangoni stated. KaMaRetread’s customer base is projected to include existing users of commercial vehicle tyres manufactured at the Tatneft-owned Nizhnekamsk plant.