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Kazakh Premier and KamAZ management: Joint venture on automobile hardware
5th June, 2006
Within the framework of his recent visit to Tatarstan Daniyal Akhmetov met June 3 deputy director general of KamAZ OJSC Irek Gumerov. During the talk the issues concerned creation of Kazakh-Russian enterprise to produce automobile units and components of a new generation. In particular, discussed were technical and technological aspects of the project. It would be a daughter undertaking of KamAZ OJSC which is to be established on the basis of agricultural equipment and Sever machine-building factory in Petropavlovsk (Kazakhstan).
By the project first output will be in 2008. Pay-back period is 5 years.
Kazakhstan is ready to suggest benefits and preferentials while KamAZ should guarantee quality of the output, said Daniyal Akhmetov.
At present there is work done to define a participant on the Kazakh side, and possible schemes of financing.
Url:
http://www.inform.kz/showarticle.php?lang=eng&id=142447
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