A ceremony was held on 5 April to commemorate the start of work to build the KamaTyresKZ tyre factory in Saran, Kazakhstan. The plant, a joint venture between Russia’s Tatneft Group and the Kazakhstan-based AllurGroup, is being set up at a cost of US$284 million. Construction is scheduled to be complete in 2022 and the facility will be capable of producing 3 million passenger car tyres as well as 500,000 solid steel cord tyres a year.