KamAZ forecasts main operations to expand 30% in 2011
MOSCOW. Dec 7 (Interfax) - KamAZ Group forecasts its main operations to increase this year by 30% in comparison with 2010, the company said in a statement.
"The production, commercial, and financial results achieved by OJSC KamAZ Group in the first 11 months have shown that the company will top 2010's results in 2011 by 30% or more for its main operations. Business development will also reach the precrisis level," the statement said.
In addition, the company said that the group sold 10.3 billion rubles worth in commercial products and services in November. KamAZ brought this figure to 87 billion rubles since the start of the year. This, recalculated for 2010 prices and conditions, was 32% over the figure for the same period of last year, the statement said.
KamAZ's total sales of trucks since the start of the year came to 39,800 units, which is almost 40% year-on-year increase. A total of 34,200 trucks were sold on the Russian market, which is a year-on-year boost of 37%.
Finished KamAZ production since the start of the year reached around 42,800 vehicle sets. In addition, a total of 46,700 engines were produced, up 30% year-on-year in January-November 2011.