MOSCOW, July 5 (RIA Novosti)
- KamAZ to Make Vehicles in Lithuania - PM
- KamAZ to Withhold 2011 Dividend Payment
- KamAZ Stock Climbs on 2011 Profit Figures
- Belarus Estimates MAZ Assets at $1.1 Bln in KamAZ JV Deal
Russia's leading truck maker KamAZ intends to boost exports to 25 percent of output and return soon to pre-crisis level of overseas sales, KamAZ said on Thursday.
The company intends to boost exports by increasing truck supplies to Kazakhstan, which it views as a priority sales market.
“The strong demand for KamAZ vehicles among Kazakh consumers is explained by several factors. First of all, Kazakhstan is a country rich in natural resources, with large oil, gas and uranium deposits while KamAZ offers a wide range of specialized vehicles for operation in the oil and gas extracting industry,” KamAZ said.
“Secondly, the Kazakh economy is developing intensively on the back of foreign investment, which has contributed to the growth of construction. Also, a modern highway will run from China to Western Europe and KamAZ trucks are actively used in its construction,” the company said.
In 2009-2011, KamAZ exported about 15 percent of its output.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Monkeys from Borneo and Other Animal News
Infographics: The Origin of Geomagnetic Storms
Cartoons: Dreams of Space
The failure of the Islamist political parties who came to power in the dramatic events of the Arab Spring would allow the military to reenter the political arena. Political Islam was successful in the opposition, but it could fail in power, as the negative experience of Egypt and Iraq have shown.