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Director General of Russian Truck Company to Visit Baku

Business Materials 25 April 2007 19:07 (UTC +04:00)

Azerbaijan Baku / corr./ Trend I.Khalilova / The Azerbaijan government offers to connect pans on organization of truck assembly line of KAMAZ company with the Azerbaijani company Az Motors Co Ltd.

Yuriy Shedrion, the head of the Trade Representation of Russian, announced that during the meeting with the Azerbaijani Prime Minister Artur Rasizade ad First Prime Minister, Yagub Eyyubov, the sides voiced their interests in charging this company in the assembly of KAMAZ cars. "However, it is impossible without state preferences," he noted.

The Russia auto giant even in August sent to Azerbaijan proposals on establishment of capacities for modification of KAMAZ automobiles in the territory of the country.

The truck assembly will be organized through the establishment of a joint venture with annual capacity of 1,500 automobiles. In its proposals KAMAZ claimed at 75%-stake in profits, while 25% is to be left to Azerbaijan. KAMAZ asked for all privileges, including the electricity and tax privileges.

Sergey Kogogin, the Director General of KAMAZ is expected to visit Azerbaijan soon to discuss prospects of cooperation on the organization of truck assembly line.

Shedrin said that present director of the Musa Suleymaov car company is to Moscow for talks with KAMAZ on the organization of assembly of concrete mixers and different aggregates.

The Azerbaijani Company has been the official dealer of "KAMAZ". They organized assembling line and sold "KAMAZ" trucks before. The moment the cooperation was launched, 250 trucks have been assembled. Previously, the Company delivered 80 lorries per year. Present, it delivers the same volume of trucks per month.

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