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Kamaz truck sales grow 34% in 2006

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NIZHNY NOVGOROD, January 11 (RIA Novosti) - Kamaz [RTS: KMAZ] said Thursday its truck sales grew 34% year-on-year in 2006 to 43,344 vehicles.

Kamaz, based in the Volga Republic of Tatarstan, sold 32,300 trucks on the Russian market, or 35.7% more than in 2005, and 11,044 vehicles abroad, up 29.7%, Russia's leading truck manufacturer said.

"Every fourth Kamaz truck continues to be exported," the company said.

Kamaz, which was founded in 1976, and whose heavy-duty trucks have won the Paris-Dakar rally on several occasions, is majority-owned by the State Property Committee (34.01%).

The company produces more than 30 models of trucks, as well as trailers, buses, tractors and spare parts. It also manufactures engines, power units, and components.

The truck manufacturer held a 36% market share in Russia in 2005. It has assembly facilities in Poland, Kazakhstan, Azerbaijan, Ethiopia, Vietnam and Ukraine.

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