OREANDA-NEWS. April 4, 2008. KAMAZ Inc. plans to increase its share in the authorized capital of VMIC, KAMAZ assembly enterprise in Vietnam, from 12.5% to 36%.

This information came from Akhat Urmanov, Deputy Director General of KAMAZ Inc. of Sales and Service, who came back from a business trip to this Southeast Asia country. According to him, the KAMAZ share will increase already in April. The same share belongs to VINACOMIN, the Vietnam Corporation jointly with which KAMAZ organized the assembly of its trucks at VMIC plant in Kam Fa (the Kuang Nign province) in 2005. The rest 28% shares belong to the employees of VMIC Company.

KAMAZ obtained 12.5% of the authorized capital of the assembly enterprise this February.

At present VMIC assembles 500-600 KAMAZ vehicles a year using assembly sets produced at KAMAZ. Next year it’s planned to increase the yield at the assembly enterprise to 1 thousand units. A five-year development program of the enterprise is being prepared, and later on the plant capacity can be increased to 1.5-2 thousand vehicles a year. Thus, under the conditions of intense competition with world and Asian producers KAMAZ intends to occupy up to 15% of the sales market in its truck class in Vietnam.

We have already informed that for this purpose it was decided to create a KAMAZ trade and service company in Vietnam and trade and service complexes on its basis in the provinces of the company. The company created jointly with the enterprises of VINACOMIN Corporation is supposed to be registered till the end of 2008.

KAMAZ plans to invest development of VMIC technology and expansion of the KAMAZ vehicles family produced in Vietnam. It’s also planned to master special equipment assembly at the enterprise, in particular, truck tankers and inclined-axis mixers assembly.