Russian KAMAZ to organize production of components for trucks in Kazakhstan

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NUR-SULTAN (TCA) — Kazakhstan’s Prime Minister Askar Mamin on July 15 took part in the signing of the Agreement of Intent with Russian heavy truck manufacturer KAMAZ on the implementation of projects on the territory of Kazakhstan for the production of the main drive axle transmission and the production of cast iron for trucks, the press service of the Prime Minister of Kazakhstan reported.

The document was signed by Kazakh Minister of Industry and Infrastructure Development Roman Sklyar, General Director of Russia’s PJSC KAMAZ Sergey Kogogin, Akim (Governor) of Kazakhstan’s Kostanay region Archimed Mukhambetov, and Chairman of the Board of DBK-Leasing JSC Nurlan Baybazarov.

According to the agreement, the parties plan to create factories for the production of special equipment, axles and cast iron, and organize an Engineering Center for the development of competencies of technical personnel, staff development and retraining in Kazakhstan. The center will prepare high-level specialists for various industries of Kazakhstan.

The agreement is aimed at creating modern high-tech production of axles and castings in Kazakhstan.

Products produced in the Kazakh factories will be 100 percent export-oriented and will eventually flow into the global chain, covering all regions of Russia, the CIS, as well as the German concern Daimler AG. In 2018, the German concern became the shareholder of the Russian company.

During the implementation of the agreement, over 2,500 new highly skilled jobs will be created.

KAMAZ Group of Companies is the largest automobile corporation of the Russian Federation. PJSC KAMAZ is in the top 20 of the world’s leading manufacturers of heavy trucks and is in 16th place in terms of production of heavy trucks with a gross weight of more than 16 tons. Production capacity is 71 thousand trucks per year.

The KAMAZ Group unites 109 companies in Russia, the CIS and abroad. The German company Daimler AG (Mercedes Benz) became the shareholder of the company in 2018.

Sergey Kwan

TCA