KamAZ almost twice will increase investment in the development of the company in 2016

KAZAN, January 3. /Corr. Alexei Ugarov/. KamAZ in 2016 will invest in the development of the company 12 billion rubles, told the correspondent of TASS in the press service of the plant. Last year the volume of investments amounted to 7 billion rubles.

“According to preliminary data, investment in 2015 in the company’s development amounted to slightly more than 7 billion rubles In 2016 for these purposes it is planned to allocate about 12 billion rubles”, – said the press service. As noted on the automobile, means will be directed on modernisation of factories, purchase of new equipment and creation of new models of trucks.

By estimates of marketing specialists of KAMAZ, the company’s share by the end of 2015 on the heavy truck market in Russia will amount to 50% according to the registrations of motor-vehicles. “In difficult conditions of crisis of 2015 KAMAZ makes its consumers the most affordable offer, particularly in comparison with imported cars. A role is also played by the decline in the exchange rate of the ruble against the dollar and the Euro, leading to higher prices of imported vehicles”, – explained the press service.

16 December 2015, the Board of Directors of KAMAZ has approved business plan of the company for 2016. According to him, the company intends to implement in the next year 32 thousand cars, which is 11.1% more than last year. Net income in 2016 is projected to be $ 51 million rubles on revenue 112,1 billion rubles.

According to the forecasts of marketers of KAMAZ, the implementation in 2017 will amount to 40.2 thousand cars in 2018 – 50,2 thousand cars. Sales growth is based on forecast of development of Russian market of heavy trucks. The sales of trucks in Russia in 2016 will be approximately 40 thousand cars in 2017 – 51 thousand cars in 2018 – 62 thousand cars. In accordance with these forecasts, the share of KAMAZ in the Russian market of trucks will continue to increase. “In 2016 it could reach 55% in 2017 – 56%, in 2018 – 57%”, – noted in press service

KamAZ is a leading manufacturer of heavy trucks in Russia, manufactures over 40 models of trucks and trailers, buses, tractors, engines, power units and different tools. In the technological chain of KAMAZ group consists of 11 major automobile manufacturing plants and support divisions.