Kamaz confirms plans to build plants in Kazakhstan

NUR-SULTAN. July 4 (Interfax) - Russian truck maker Kamaz will fulfill all its obligations to Kazakhstan, including construction of an iron foundry and an axle drive gears plant in the republic, the press service of the Kazakh government said in a press release on Monday following a meeting of Kazakh Prime Minister Alikhan Smailov with the heads of a number of Russian companies.

"[Kamaz general director] Sergei Kogogin informed the head of the [Kazakh] government about the company's current activities, the progress of the joint projects, and pledged that Kamaz will meet all obligations it took on earlier," the press release says.

Kamaz is now working on another large project that will be launched in Kazakhstan to increase the localization of axle drive gears production for trucks.

"These projects will produce not only an economic effect but also social. I am confident that the projects will be successfully completed in time owing to our concerted efforts," Smailov is quoted as saying.

Construction of the iron foundry started in Kostanai in September 2020. The foundry will produce iron components for Kamaz trucks. The operator of the project is KamLitKZ LLP, which is part of Kamaz Group. KamLitKZ is also building in Kostanai an axel drive gears plant following an agreement signed in July 2021.