Lugansk Republic hands over body of observer killed in land mine blast to OSCEWorld April 24, 9:39
How Arctic residents adapt to global warmingScience & Space April 24, 9:32
Reconstruction of two Arctic airports to cost some $4.9 millionBusiness & Economy April 24, 8:54
Emmanuel Macron and Marine Le Pen to face each other in runoffWorld April 24, 8:13
Danish defense minister accuses Russians of hacking into his staff’s emailsWorld April 24, 7:50
PROFILE: Emmanuel Macron poised to become France’s youngest presidentWorld April 24, 6:44
North Korea ready to carry out nuclear test at any time — expertsWorld April 24, 5:56
Swedish think tank puts Russia in world’s top three biggest defense spendersMilitary & Defense April 24, 4:35
Ukraine reconciliation meeting in Minsk postponed over OSCE car blastWorld April 24, 3:21
One of the joint ventures will produce hydraulic and telescopic cylinders for the needs of Kamaz, Russian facilities of Palfinger and third companies in Russia and the CIS. The design capacity is 80,000 hydraulic cylinders annually. Kamaz will have a 49% stake in the company.
Another joint venture will be responsible for an assembly center which will install cargo lifting equipment on truck chassis. Kamaz will hold a 51% stake in the company.
The investments were not disclosed. Both deals will be closed until December, Kamaz and Palfinger said in a statement.
Russian major carmaker Kamaz which is ranked 16th in the truck output in the world, has received state guarantees from Russian government to the tune of up to $971 million for 15 years under an investment program meant for up to 2020, Prime Minister Dmitry Medvedev said at a meeting with Kamaz Director-General Sergey Kogogin on Tuesday.
The prime minister said that the specific document had been signed.
The program envisages construction of new car-making plants, finalisation of a cycle of tests of new vehicles and modernisation of the whole technological cycle.