Lavrov says no plans to occupy Belarus on pretext of conducting military drillsRussian Politics & Diplomacy June 23, 15:11
St. Petersburg may apply for hosting Champions League finalSport June 23, 14:53
Pyongyang denies torturing US student who died after release from North KoreaWorld June 23, 14:45
Putin gives start to Turkish Stream pipeline segments jointingBusiness & Economy June 23, 14:33
Gazprom getting proposals on Turkish Stream gas pipeline extension in EuropeBusiness & Economy June 23, 14:21
Putin certain Akkuyu NPP in Turkey to be built on timeBusiness & Economy June 23, 14:18
Putin praises level of cooperation with TurkeyRussian Politics & Diplomacy June 23, 14:11
Russia and India sign military cooperation roadmapMilitary & Defense June 23, 13:43
Lavrov: Western campaign against Russia accompanied by pressure on Russians living abroadRussian Politics & Diplomacy June 23, 13:43
MOSCOW, May 14. /TASS/. The largest Russian truck maker KAMAZ considers an opportunity of organizing vehicles assembly in China, Chief Executive Officer of KAMAZ Sergey Kogogin said on Thursday.
"We are very seriously looking at China for the time being, where clusters have already been set up for production of vehicle components we use for production in Russia," Kogogin said. The main task for the company in this case "is to transfer production and work at such sites to avoid currency risks," he added. It is difficult to forecast company’s sales because of the market instability and fluctuating exchange rates, KAMAZ CEO said.
KAMAZ already has a production site in India. "Conditions appear at present when we actually redesigned the vehicle and made 90% localization of production in India. We avoided currency risks. Only cabins and engines are currently delivered from Russia; all the other things we are doing together with suppliers from India," Kogogin said.
KAMAZ is targeting the export component in conditions of the domestic sales drop, company CEO said. The company plans to keep its export at the level of 6,000 in 2015. KAMAZ may sell from 6 to 8 thousand CKD kits at 2015 year-end.