(Changes investment period in lead, omits in quote#
MOSCOW, January 31 (RIA Novosti) - Russian truck producer KamAZ plans to invest at least $1.5 billion in development in 2008-2012, the company's general director said on Thursday.
"The minimum investment is around $1.5 billion," Sergei Kogogin said, adding that the company was not considering long-term capital borrowing.
He said KamAZ would announce on March 10 or 11 the establishment of a joint venture in Russia, but did not specify the partner.
"All necessary legal documents have been prepared," Kogogin said.
KamAZ, majority-owned by the government, sold over 52,600 trucks in 2007, 20.2% more than the previous year.
