Kamaz
KAMAZ (Russian: Камский Автомобильный Завод – КАМАЗ, romanized: Kamskiy Avtomobilnyy Zavod, lit. 'Kama Automobile Plant') is a Russian manufacturer of trucks, buses, and engines headquartered in Naberezhnye Chelny. Founded in 1969, the company is known for its cab over trucks. As of 2014, KAMAZ is the largest truck producer in Russia and the CIS, producing 43,000 trucks a year.[6] Its trucks have won the Dakar Rally a record eighteen times, the most in the truck category by any manufacturer.
For other uses, see Kamaz (disambiguation).
Native name
ПАО "КАМАЗ"
1969
Naberezhnye Chelny, Tatarstan, Russia
Sergey A. Kogogin, General Director
Trucks, buses and diesel engines
$3.18 billion[2] (2019)
$599 million[2] (2019)
36,000
Group structure[edit]
Owners and management[edit]
The main shareholders of Kamaz are the state corporation Rostec (49.9%), Avtoinvest Limited (23.54%), a Cyprus-registered company, and Daimler Truck (15%).[4] In February 2022, Daimler suspended cooperation with Kamaz due to the Russian invasion of Ukraine.[12] The main beneficiaries of the Cyprus-based company have never been officially disclosed, however it is alleged that the company can be traced to Sergei Roldugin, a concert cellist and personal friend of Vladimir Putin based on the Panama Papers.[13]
At the same time, a 4% stake in the company is publicly traded on the Moscow Exchange,[14] leading the company to have many minority shareholders (more than 76,000 individuals in 2007).[15]
In early March 2008 the Board of Directors of KAMAZ was elected, which included 15 people, including:[16]
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.
Subsidiaries[edit]
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:
The main production facilities of the plant are located in the industrial area of Naberezhnye Chelny. Nefaz buses are produced in Neftekamsk (Bashkortostan).
KAMAZ owns United Automotive Technologies, a Russian holding of auto parts manufacturers.[18]
The company has overseas manufacturing facilities in Vietnam, India, Kazakhstan (KAMAZ-Engineering JSC). Since 2015 Ganja Auto Plant (Azerbaijan) also assembles Kamaz trucks.[19]
In January 2022, the Hungarian Ministry for Innovation and Technology and Kamaz signed an agreement for production of electric cars in Hungary - about 32,000 by 2025 and 320,000 by 2030.[20]
Competition[edit]
A team, Kamaz Master, which has been active since 1988 has participated as truck category in distinguished rally raid such as Dakar Rally, Silk Way Rally and Africa Eco Race,[21] has brought Kamaz an outstanding fame. Kamaz vehicles have won the truck category of the Dakar Rally 19 times as of 2022.[22]