21 Jan 2011 16:06

Kamaz boosts truck sales 25% in 2010

MOSCOW. Jan 21 (Interfax) - Kamaz boosted truck sales 24.7% in 2010 to 32,293, the company said.

Kamaz sold 28,254 trucks in Russia and 4,039 abroad.

Sales revenue grew 26.6% to 64.6 billion rubles.

Kamaz has said it boosted production of assembly kits 45% last year to 34,000.

The company, which is based in the internal Russian republic of Tatarstan, aimed to sell 28,000-29,000 trucks in Russia and export 4,000 in 2010. It sold a total of 47,700 in 2008, falling to 26,000 in 2009.

Tatarstan's industry and trade minister, Ravil Zaripov, said at a meeting of ministry officials that Kamaz boosted output 42% in value to more than 64 billion rubles in 2010.

Tatarstan's machine building industry as a whole raised shipments 30% to 102 billion rubles, he said. Capex in the sector came to around 6 billion rubles, including 3.8 billion rubles at Kamaz.

Kamaz has eight key investment projects worth a total of 120 billion rubles lined up between now and 2010, Zaripov said.

He said the Sollers automobile group sold more than 13,000 LCVs and minibuses and around 12,000 cars for 15.5 billion rubles, up more than 45% from 2009.