Marangoni S.p.A. and the Tatneft Group have agreed to form a joint venture in Russia to retread all-steel truck tires. The joint venture company will be based in Nizhnekamsk, Republic of Tatarstan. Thea newly formed joint venture will be known as KaMaRetread LLC. Trading house Kama LLC, a wholly-owned subsidiary of Tatneft, will own 65% while Marangoni will own 35%. Marangoni will contribute equipment, technologies and experience in retreading to the joint venture and will provide necessary training, while the Tatneft Group will provide a facility for the retreading, management and personnel as well as local expertise.