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JSC KAMAZ (Russian: Камский Автомобильный Завод – КАМАЗ, romanized: Kamskiy Avtomobilny Zavod, lit. 'Kama Automobile Plant') is a Russian brand of trucks and engines manufacturer located in Naberezhnye Chelny, Russian Federation. It is famous for its cab over trucks. KAMAZ is a portmanteau which stands for a factory on Kama River.
KamAZ factory building
|Publicly Traded Company|
|Traded as||MCX: KMAZ|
|Headquarters||Naberezhnye Chelny, Russia|
|Sergey A. Kogogin, General Director|
|Products||Trucks and buses|
|Revenue||$2.67 billion (2017)|
|$120 million (2017)|
|$59.2 million (2017)|
|Total assets||$2.74 billion (2017)|
|Total equity||$699 million (2017)|
Avtoinvest Limited (23.54%)
Number of employees
KAMAZ opened in 1976. Today, heavy duty models are exported to many areas of the world including the CIS, Latin America, the Middle East, and Africa. KAMAZ is the largest truck producer in Russia and the CIS with its factory producing 43,000 trucks a year (2014).
In 1969, the Resolution of the Central Committee of the USSR Communist Party and the USSR Council of Ministers was approved which envisaged construction of a complex of heavy duty truck production plants. 70 potential sites to locate the facilities were investigated. Choice went in favor of Naberezhnye Chelny, then a small town on the Kama River. Naberezhnye Chelny was located in the center of the former Soviet Union. The navigable rivers – the Kama River and the Volga River – as well as proximity of the railway line, were central to meeting the logistical needs of the construction site for materials and equipment. Going forward, the location would also allow for the easy shipping of ready-made trucks to customers. The fact that the huge construction company “KamGESenergostroy” existed in the region allowed construction of plant buildings and apartment blocks for prospective KAMAZ employees to be completed.
Workers and engineers, representing more than 70 ethnicities, converged on Naberezhnye Chelny to fuse into a “melting pot” of the construction project personnel. Orders placed by KAMAZ to procure construction materials and equipment were filled by all the ministries and departments, a total of over 2,000 enterprises. Over 100,000 personnel were employed at the construction site itself. The would-be truck plant was being provided with the most state-of-the-art manufacturing equipment by the contemporary standards. More than 700 international firms were among equipment vendors for KAMAZ facilities, including such globally known corporations as Swindell-Dressler, Holcroft, CE-Cast, Ingersoll Rand, Ex-Cello (U.S.A.), Hueller-Hille, Liebherr (West Germany), Morando, Fiat (Italy), Renault (France), Sandvik (Sweden), Komatsu and Hitachi (Japan).
On December 13, 1969, ground was broken and the first bucket of soil was excavated at the construction site of the Kama River Truck Plant which was rated for production of 150,000 heavy duty trucks and 250,000 engines per year. The Complex of Plants on the Kama River sprawled over a vast territory measuring 57 square km. Concurrent to construction of the truck plant, huge social challenges were tackled. Hundreds of thousands of people were provided by KAMAZ with comfortable housing, modern educational facilities, kindergartens and creches, hospitals and clinics, numerous cultural, sporting, recreational and leisure centers. KAMAZ was instrumental in transforming the Kama River Area into a powerful industrial and scientific research hub and developing the infrastructure for the suburban agricultural zone.
Every year the population of the city grew by another 30-40 thousand or so. Whereas before construction of KAMAZ got underway, 27,000 residents had lived in Naberezhnye Chelny, the current population has now reached more than half a million.
Owners and managementEdit
The main shareholders of Kamaz are the state corporation Rostec (49.9%), Avtoinvest Limited (23.54%), a Cyprus-registered company whose main beneficiaries have never been officially disclosed, and Daimler (15%). After the Panama Papers leak it was alleged that this Cyprus-based company can be traced to Sergei Roldugin, a concert cellist and personal friend of Vladimir Putin.
In early March, 2008 the Board of Directors of KAMAZ was elected, which included 15 people, including:
The mayor of the city of Naberezhnye Chelny (April 2010 - Prime Minister of Tatarstan) - Ildar Khalikov, head of the management Federal Agency for State Property Management (Rosimushchestvo) - Ivan V. Aksenov, and the Director-General of the "Russian Technologies State Corporation" Sergey Chemezov.
KAMAZ Publicly Traded Company has more than 110 subsidiaries and affiliates, it owns shares in the authorized capital of more than 50 different companies and businesses. Together they form KAMAZ Group.
The group includes:
- Truck Assembly Plant (Naberezhnye Chelny)
- Metallurgical Complex, KAMAZ PTC
- KAMAZ Foundries (now one of the largest in Russia)
- KAMAZ Forge
- KAMAZ Truck Assembly Plant
- KAMAZ Press and Stamping Plant
- Engine Plant, KAMAZ PTC
- Remdiesel (Engine Re-Manufacture Plant)
- KAMAZ Trade and Finance Company JSC
- Neftekamsk Automotive Plant (NEFAZ) - manufactures buses and vehicles on KAMAZ chassis
- Auto Trailer Plant OJSC (formerly СЗАП (En:SZAP) of Stavropol)
- KAMAZ Technical Service OJSC
- KAMAZ Auto Technology
- RIZ OJSC (formerly of KAMAZinstrumentspetsmash)
- KIP Master OJSC
- KAMAZ-CAPITAL KAMAZ R & D Center
- "Крупным совладельцем «Камаза» оказался Виталий Мащицкий". Vedomosti. 22 May 2016. Archived from the original on 12 May 2013. Retrieved 28 August 2017.
- "Новости. ОАО "КАМАЗ"". Kamaz.net. Archived from the original on 2013-05-12. Retrieved 2009-07-14.
- Thompson, David (3 April 2016). "Panama Papers: Putin associates linked to 'money laundering'". BBC News. Archived from the original on 12 May 2013. Retrieved 28 August 2017.
- "Коэффициент free-float (доля ценных бумаг в свободном обращении) по состоянию на 28.08.2017". Московская Биржа. Archived from the original on 5 July 2017. Retrieved 28 August 2017.
- Stolyarov, Gleb; Fedorinova, Yulia (2007-05-17). ""Kamaz" does not pay the Federal Property Management Agency". Vedomosti, № 88 (1862) (in Russian). Archived from the original on 2013-05-12.
- www.dp.ru (7 March 2008). ""KAMAZ" approved candidates to the Board". Business Petersburg (Online) / Moscow / (in Russian). ISSN 1606-1829.[permanent dead link]
- KAMAZ-Metallurgy Archived 2013-05-12 at the Wayback Machine / / ROSFINPROM.
- "Russian Kamaz Master occupies 2015 Dakar Rally's entire podium". Russian News Agency "TASS". 17 January 2015. Archived from the original on 19 January 2015.