Investment into KAMAZ-Engineering Is Continuing

“KAMAZ Inc. invests 3,5 million USD in the Russian-Kazakhstan Assembly Enterprise “KAMAZ-Engineering”, informed Sergey Kogoghin, Director General of KAMAZ Inc. “We hold 5 million USD of floating assets in “KAMAZ-Engineering”. It is a goods credit without interest. Next year total investments volume will constitute 3,5 million USD”, he added.

The other day at Kokshetau enterprise established in August 2005 there was assembled the 100th KAMAZ-55111 truck. By 1st November “KAMAZ-Engineering” has earned 3,6 million USD worth products. Apart from KAMAZ trucks there were also assembled 30 NEFAZ-5299 buses. It is planned to produce there 2 350 KAMAZ and NEFAZ vehicles every year: 1 500 dump trucks, 650 dumping trailers and 200 intercity buses.

Kazakhstan Republic has a large fleet of KAMAZ trucks and there is a constant growing demand on them – about 65 000 KAMAZ trucks are operated there, that is 70% of all country truck fleet. “Organization of KAMAZ trucks production in Kazakhstan is quite sound economical intention of both KAMAZ Inc. and Kazakhstan Government”, Sergey Kogoghin said. He also mentioned that KAMAZ trucks and buses assembled in Kazakhstan equals in quality to those produced in Naberezhnye Chelny.

Thursday, 01 December 2005