KAMAZ became profitable in 2016

13 February 2017, Monday

KAMAZ (part of the Rostec Corporation) announced its production and financial results for 2016. Against the background of the difficult situation in the Russian economy, KAMAZ increased its revenues to RUB 127.28 billion, some 31% more than in 2015. The company's success resulted in the net profit of RUB 339 million against two billion rouble losses in 2015.

 

In 2016, KAMAZ has exceeded its business plan target with total sales reaching 34,300 trucks, an increase by 21% as compared to 2015. Throughout the year, the production reengineering programmes and the development programmes for new model series were continued. As a result, a total of RUB 6.8 billion were spent for the renovation and the development of new technologies (up by 2% y-o-y).

 

In 2017, the company plans to spend about RUB 20 billion for its development. Among the priority areas are the production of a new family of straight-six engines, construction of a new SFTP cabin frame plant, as well as the work on the new-generation trucks and the issues of import substitution. As to its core production, KAMAZ is expected to manufacture 36,000 trucks in 2017.

 

Press service of KAMAZ
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