News

Federal-Mogul at ÊÀÌÀZ

On 10 March the agreement on Joint Venture establishment between Federal-Mogul Corporation (USA) and KAMAZ Inc. was signed in Kazan.

Jose Maria Alapont, President and CEO of Federal-Mogul Corporation, and Sergey Kogogin, Director General of KAMAZ Inc., signed this agreement. Rustam Minnikhanov, Prime-Minister of the Republic of Tatarstan, also took part in the ceremony.

On 30 November of 2007 the memorandum of joint venture establishment to produce piston assemblies was signed in Naberezhnye Chelny.

According to the investment project of the joint venture OOO “FEDERAL-MOGUL Naberezhnye Chelny” having equal shares of the parties in the authorized capital will be settled down at KAMAZ.

It is planned that already in September 2008 “FEDERAL-MOGUL Naberezhnye Chelny” will launch the first production of piston assemblies. The number of the personnel planned is in excess of 350 persons.

ÎÎÎ “FEDERAL-MOGUL Naberezhnye Chelny” will produce piston assemblies corresponding to Euro-3, Åuro-4 standards. On the initial stage, the main end-user of JV products will be KAMAZ Inc. But the enterprise will gradually make sales increase in the Russian market as well. OOO “FEDERAL-MOGUL Naberezhnye Chelny” will become a large producer of piston assemblies for KAMAZ Group, as well as for other automobile manufacturers of Russia and the CIS. In the future the volume of outside deliveries will make up no less than 30% from the production volume.

ÎÎÎ “FEDERAL-MOGUL Naberezhnye Chelny” will pay a large amount of tax to the federal and regional budgets.

ÎÎÎ “FEDERAL-MOGUL Naberezhnye Chelny” is already the fourth JV between KAMAZ Inc. and the world leading manufacturers of auto components. There was established JV OOO “ZF-ÊÀÌÀ” in 2005, JV OOO “CUMMINS-KAMA” in 2006 and JV ÎÎÎ “KNORR-BREMSE ÊAMA” in 2007. Through expansion of cooperation with the leading manufacturers ÊÀÌÀZ Inc. is getting integrated into the world automobile industry. The company is carrying on the intensive negotiations with other auto component manufacturers.

Reference

Federal-Mogul Corporation is a leading global supplier, serving the world’s foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, off-road and industrial, marine, rail and aerospace, as well as the worldwide aftermarket. The Company’s leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world-class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its global sustainable profitable growth strategy, creating value and satisfaction for its customers, shareholders and employees. Federal-Mogul was founded in Detroit in 1899. The Company is headquartered in Southfield, Michigan, and employs 50,000 people in 35 countries. Visit the company’s Web site at www.federal-mogul.com.

KAMAZ Inc. is the largest Russian manufacturer of heavy-duty trucks. It takes the 11th place in truck production (of 14 t GVW) and the 8th place in diesel engines production in the world. KAMAZ Group consists of 96 enterprises, 13 of which are the main associated companies. The staff is about 59 000 employees. KAMAZ sales and service network covers all regions of Russia and the CIS, and also traditional outlets. There are 127 dealers and more than 100 firm service car centers. Trucks of GVW from 14 up to 40 tonnes, diesel and gas engines are the major products of KAMAZ Inc. The trucks are used in the CIS, Europe, Asia, Africa and Latin America (more than 80 countries).

The KAMAZ truck export takes a significant part of sells. The RF Ministry of Trade declared KAMAZ Inc. the best exporter of the country in machine building within 8 years (from 1999 to 2006). KAMAZ exported 13,5 thousand trucks in 2007. Since 2004 the share of KAMAZ in traditional outlets (Kazakhstan, Ukraine, Turkmenistan, Vietnam, etc.) has invariable increased. The company also developed new markets of Eastern Europe (Hungary, Slovakia, Serbia), the Middle East (Bahrain, Qatar, Iran, Lebanon) and the Asian-Pacific region (India, Pakistan, Bangladesh).

The KAMAZ trucks correspond with the world standards. Numerous victories of the KAMAZ-master team at the most prestigious international rally-raid “Dakar” prove it.

In 2006 KAMAZ Group showed net profit at 1 billion 407 million RUB, and at 3 billion 453 million RUB in 2007. The company produced 52 671 trucks in 2007.

Wednesday, 12 March 2008

Management of Federal-Mogul Visited KAMAZ

On 11 March the delegation of Federal-Mogul Corporation (USA) visited KAMAZ.

In Naberezhnye Chelny the American partners visited the mother gathering conveyor of Automobile plant, KAMAZ-Diesel where they acquainted themselves with the work of joint ventures created earlier – ZF-KAMA and CUMMINS-KAMA. The guests saw the areas intended for production placement of the new joint venture and were satisfied by them.

Certain points of the concluded agreement and the joint strategy of two companies were specified in the course of negotiations. There were signed the incorporation documents to create JV “FEDERAL-MOGUL Naberezhnye Chelny”.

Wednesday, 12 March 2008

Iveco at KAMAZ

On 11 March KAMAZ was visited by the delegation of Iveco (Italy) – the international auto concern, the subsidiary of the Fiat Group.

According to Paolo Monferino, President and CEO of Iveco, the aim of their arrival is an acquaintance with the production complex of KAMAZ Inc.

In Naberezhnye Chelny the members of the Italian delegation visited the gathering conveyor of JV ZF-KAMA, KAMAZ-Diesel OJSC, Forge plant, the mother gathering conveyor of Automobile plant. The guests also visited KAMAZ R&D Center where they saw the displayed equipment.

Wednesday, 12 March 2008