Founded in 1976, Kamaz sold 11,060 trucks and 13,290 engines in the reporting period (45.7% growth year-on-year), and spare parts worth 2.1 billion rubles ($81.4 million), 28.8% growth.
Kamaz, which is based in the Volga Republic of Tatarstan, sold 46,200 trucks in 2006, or 34% more than in 2005. Earlier the company, whose heavy-duty trucks have won the Paris-Dakar rally on several occasions, said it planned to boost truck sales by 19.5% to 55,200 vehicles in 2007.
Kamaz, which is majority-owned by the State Property Committee (34.01%), 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 has assembly facilities in Poland, Kazakhstan, Azerbaijan, Ethiopia, Vietnam and Ukraine.
Kamaz's net profit calculated to Russian Accounting Standards (RAS) increased 440% year-on-year in 2006 to 721.2 million rubles (about $27.7 million).
