SPIC signed between KAMAZ and Daimler KAMAZ RUS

25 May 2018, Friday

On 25 May, a special investment contract (SPIC) was signed at the St. Petersburg International Economic Forum aimed at developing a model range of KAMAZ and Mercedes-Benz vehicles and retrofitting the facilities for their production and being implemented by KAMAZ and Daimler KAMAZ RUS jointly with Daimler AG.

The document was signed by Russian Minister of Industry and Trade Denis Manturov, Tatarstan President Rustam Minnikhanov, Mayor of Naberezhnye Chelny Nail Magdeyev, Director General of Daimler KAMAZ RUS Andreas Deuschle, and Director General of KAMAZ Sergey Kogogin.

The SPIC mechanism was entered by the Federal Law No. 488-FZ of December 31, 2014 On Industrial Policies in the Russian Federation.

Within the framework of the SPIC implementation, a high-tech plant for welding and painting cab frames is being created, based on an industrial building built by KAMAZ. The plant facilities will be engaged in welding and painting of cab frames for KAMAZ and Mercedes-Benz vehicles.

The investment amount will total RUB 46.4 billion; the contract period is 10 years.

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