KAMAZ Ranks Among Billionaires

OJSC KAMAZ is among the top hundred Russian companies worth at least 1 billion dollars in the rating of the Finance weekly magazine as of the beginning of April 2010.

160 most expensive Russian companies of all economic sectors and financial activities were listed in the traditional rating of the magazine. A year ago only 71 companies were included in the rating because of the recession. To date OJSC KAMAZ is on the 97th place in the list. Its cost grew during the year 4.5 times as much and made 1.8 billion dollars, according to the Finance magazine. The automobile company showed the highest growth rates leaving behind Tatarstan companies – Tatneft and AK BARS Bank – also included in the list of billionaires.

It also should be noted that KAMAZ is the only enterprise of the Russian automobile industry which was named in this rating.

Monday, 12 April 2010