Kamaz

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KAMAZ
Native name
КАМАЗ
Publicly Traded Company
Traded as MCXKMAZ
Industry Automotive
Founded 1969; 49 years ago (1969)
Headquarters Naberezhnye Chelny, Russia
Key people
Sergey A. Kogogin, General Director
Products Trucks and buses
Revenue $1.99 billion[1] (2016)
$36.9 million[1] (2016)
$9.78 million[1] (2016)
Owner Rostec (49.9%)
Avtoinvest Limited (23.54%)
Daimler (15%)[2]
Number of employees
36,000
Website www.kamaz.ru/en/

KAMAZ (Russian: Камский Автомобильный Завод – КАМАЗ, translit. Kamskiy Avtomobilny Zavod, lit. 'Kama Automobile Plant') is a Russian brand of trucks and engines manufacturer located in Naberezhnye Chelny, Russian Federation. It is famous for its cab over trucks. KAMAZ is a portmanteau which stands for a factory on Kama River.

KAMAZ opened in 1976. Today, heavy duty models are exported to many areas of the world including the CIS, Latin America, the Middle East, Africa. The trucks have won the Dakar Rally a record fourteen times. KAMAZ is the largest truck producer in Russia and the CIS. The factory produces 43,000 trucks a year (2014).[3] Reinforced KAMAZ trucks are used by the Russian army.

History

KamAZ-53501
KamAZ-6560
USSR 1974 postage stamp featuring a KamAZ truck

In 1969, the Resolution of the Central Committee of the USSR Communist Party and the USSR Council of Ministers was approved which envisaged construction of a complex of heavy duty truck production plants. 70 potential sites to locate the facilities were investigated. Choice went in favor of Naberezhnye Chelny, then a small town on the Kama River. Its advantages were obvious. So far as its geographical situation was concerned, Naberezhnye Chelny was right in the center of the former Soviet Union. The navigable rivers – the Kama River and the Volga River – as well as proximity of the railway line, were central to meeting all the logistical needs of the construction site for materials, raw materials, equipment, components while, going forward, to meeting the need to ship ready-made trucks to customers. The fact that the huge construction company “KamGESenergostroy” existed in the region allowed construction of plant buildings and apartment blocks for prospective KAMAZ employees to be completed.

Workers and engineers, representing more than 70 ethnicities, converged on Naberezhnye Chelny to fuse into a “melting pot” of the construction project personnel. Orders placed by KAMAZ to procure construction materials and equipment were filled by all the ministries and departments, a total of over 2000 enterprises. Over 100,000 personnel were employed at the construction site itself. The would-be truck plant was being provided with the most state-of-the-art manufacturing equipment by the contemporary standards. More than 700 international firms were among equipment vendors for KAMAZ facilities, including such globally known corporations as Swindell-Dressler, Holcroft, CE-Cast, Ingersoll Rand, Ex-Cello (U.S.A.), Hueller-Hille, Liebherr (West Germany), Morando, Fata (Italy), Renault (France), Sandvik (Sweden), Komatsu and Hitachi (Japan).

On December 13, 1969, ground was broken and the first bucket of soil was excavated at the construction site of the Kama River Truck Plant which was rated for production of 150,000 heavy duty trucks and 250,000 engines per year. The Complex of Plants on the Kama River sprawled over a vast territory measuring 57 square km. Concurrent to construction of the truck plant, huge social challenges were tackled. Hundreds of thousands of people were provided by KAMAZ with comfortable housing, modern educational facilities, kindergartens and creches, hospitals and clinics, numerous cultural, sporting, recreational and leisure centers. KAMAZ was instrumental in transforming the Kama River Area into a powerful industrial and scientific research hub and developing the infrastructure for the suburban agricultural zone.

Every year the population of the city grew by another 30-40 thousand or so. Whereas before construction of KAMAZ got underway, 27,000 residents had lived in Naberezhnye Chelny, the current population has now reached more than half a million.

Group structure

Owners and management

The main shareholders of Kamaz are the state corporation Rostec (49.9%), Avtoinvest Limited (23.54%), a Cyprus-registered company whose main beneficiaries have never been officially disclosed, and Daimler (15%).[2] After the Panama Papers leak it was alleged that this Cyprus-based company can be traced to Sergei Roldugin, a concert cellist and personal friend of Vladimir Putin.[4]

At the same time, a 4% stake in the company is publicly traded on the Moscow Exchange,[5] leading the company to have many minority shareholders (more than 76,000 individuals in 2007).[6]

In early March, 2008 the Board of Directors of KAMAZ was elected, which included 15 people, including:[7]

The mayor of the city of Naberezhnye Chelny (April 2010 - Prime Minister of Tatarstan) - Ildar Khalikov, head of the management Federal Agency for State Property Management (Rosimushchestvo) - Ivan V. Aksenov, and the Director-General of the "Russian Technologies State Corporation" Sergey Chemezov.

Subsidiaries

KAMAZ Publicly Traded Company has more than 110 subsidiaries and affiliates, it owns shares in the authorized capital of more than 50 different companies and businesses. Together they form KAMAZ Group.
The group includes:

  • Truck Assembly Plant (Naberezhnye Chelny)
  • Metallurgical Complex, KAMAZ PTC
    KAMAZ Foundries (now one of the largest in Russia[8])
    KAMAZ Forge
    KAMAZ Truck Assembly Plant
  • KAMAZ Press and Stamping Plant
  • Engine Plant, KAMAZ PTC
  • Remdiesel (Engine Re-Manufacture Plant)
  • KAMAZ Trade and Finance Company JSC
  • Neftekamsk Automotive Plant (NEFAZ) - manufactures buses and vehicles on KAMAZ chassis
  • Auto Trailer Plant OJSC (formerly СЗАП (En:SZAP) of Stavropol)
  • KAMAZ Technical Service OJSC
  • KAMAZ Auto Technology
  • RIZ OJSC (formerly of KAMAZinstrumentspetsmash)
  • KIP Master OJSC
  • KAMAZ-FINANCE
  • KAMAZ-CAPITAL KAMAZ R & D Center

The main production facilities of the plant are located in the industrial area of Naberezhnye Chelny. Nefaz buses are produced in Neftekamsk (Bashkortostan).

There are also foreign manufacturing facilities in the following locations: Vietnam, India, Kazakhstan (KAMAZ-Engineering JSC).

Competition

Kamaz vehicles have won the truck category of the Dakar Rally 15 times as of 2018.[9] All 14 of the 2010 Dakar Rally stages in the truck category were won by Kamaz trucks.

See also

References

  1. ^ a b c https://www.kamaz.ru/bitrix/redirect.php?event1=download&event2=%2Fupload%2Fiblock%2F0ef%2F0ef9e6e4dca253ef2c2993300cb7cf25.pdf&event3=&goto=%2Fupload%2Fiblock%2F0ef%2F0ef9e6e4dca253ef2c2993300cb7cf25.pdf; financial statement.
  2. ^ a b "Крупным совладельцем «Камаза» оказался Виталий Мащицкий". Vedomosti. 22 May 2016. Archived from the original on 12 May 2013. Retrieved 28 August 2017. 
  3. ^ "Новости. ОАО "КАМАЗ"". Kamaz.net. Archived from the original on 2013-05-12. Retrieved 2009-07-14. 
  4. ^ Thompson, David (3 April 2016). "Panama Papers: Putin associates linked to 'money laundering'". BBC News. Archived from the original on 12 May 2013. Retrieved 28 August 2017. 
  5. ^ "Коэффициент free-float (доля ценных бумаг в свободном обращении) по состоянию на 28.08.2017". Московская Биржа. Archived from the original on 5 July 2017. Retrieved 28 August 2017. 
  6. ^ Stolyarov, Gleb; Fedorinova, Yulia (2007-05-17). ""Kamaz" does not pay the Federal Property Management Agency". Vedomosti, № 88 (1862) (in Russian). Archived from the original on 2013-05-12. (Subscription required (help)). 
  7. ^ www.dp.ru (7 March 2008). ""KAMAZ" approved candidates to the Board". Business Petersburg (Online) / Moscow / (in Russian). ISSN 1606-1829. [permanent dead link]
  8. ^ KAMAZ-Metallurgy Archived 2013-05-12 at the Wayback Machine. / / ROSFINPROM.
  9. ^ "Russian Kamaz Master occupies 2015 Dakar Rally's entire podium". Russian News Agency "TASS". 17 January 2015. Archived from the original on 19 January 2015. 

External links

  • Official website
  • KAMAZ's channel on YouTube
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