KAMAZ Inc. and Daimler Trucks, unit of Daimler AG for commercial vehicles, signed a letter of intent to establish a joint venture between Mercedes-Benz Trucks East for production and sale of lorries Mercedes-Benz market in Russia, according to materials of KAMAZ .
Protocol provides for participation in a joint venture of German and Russia's capital in equal shares.
basis for creating the joint venture was the strategic partnership agreement signed in December 2008, the leadership of Daimler AG, Group Troika Dialog, a public corporation Rostekhnologii and OAO KAMAZ. According to him, the German group acquired a 10 percent stake in OAO KAMAZ.
In the time that has elapsed since the conclusion of this agreement, the parties to explore the possibility of 17 joint projects between Daimler Trucks and the KAMAZ. It was agreed to start implementing some of them. For example, decided to consolidate certain purchase volumes of Daimler AG and OAO KAMAZ in order to obtain from suppliers more favorable conditions for both companies. In addition, between the parties, there is a specific agreement on the introduction of managerial know-how, Daimler to KAMAZ. Oracle Products Truck Operating Systems is part of the Global Excellence and implemented at the factories of the concern around the world. This system optimizes the management of production, making it both more flexible and effective, according to a press release.
managers and professionals KAMAZ will be trained in the basics of Truck Operating Systems at the plant, located in the city of Mannheim (Germany), to implement its principles in the production system of JSC KAMAZ.
In the course of cooperation, both sides will exchange development, production technology and experience in the field of marketing. Over time, based on the existing dealer and service enterprises KAMAZ is supposed to create an additional network of sales of cars Mercedes-Benz.
In addition, in the framework of further cooperation Mitsubishi Fuso Truck and Bus Corporation, a leading manufacturer of commercial vehicles in Asia with 85 per cent participation by Daimler AG, and OAO KAMAZ until the end of October to complete negotiations on the establishment of a joint venture on a parity basis. The purpose of the joint venture Fuzo KAMAZ Trucks RUS will be selling in Russia truck market brands Fuso. Production of cars will be organized at the plant KAMAZ in Naberezhnye Chelny. Administration and sales joint venture will be located in Kazan. In the first place in Russia will manufacture and sell light truck Fuso Canter.
According to Hubertus Trosky (Hubertus Troska), executive vice president and group head of the implementation of trucks in Europe and Latin America, the partnership with KAMAZ, had years of experience and knowledge of Russia's market and the establishment of joint ventures on its base will give the German company a strategic advantage. Enterprise Mercedes-Benz Trucks East, he said, conceived with an eye to long-term cooperation, in which knowledge and experience on both sides perfectly complement and enrich each other.
General Director of JSC KAMAZ Sergey Kogogin believes that the strategic partnership with Daimler AG and its cargo division strengthens the position of KAMAZ and gives the opportunity to become globally competitive. It will KAMAZ to modernize their production, which will contribute to the experience, technology and know-how of its exclusive partner. Creating a joint venture with German co-operation brings the concern to a new level.
Daimler AG is among the world leaders in manufacturing of cars, Premium class and is the world's largest manufacturer of heavy and medium trucks. In 2008, the sales volume of Daimler AG amounted to 2,1 million cars, and the number of staff has reached 270 thousand people. Ukrainian Investment bankers are gaining the rear of the staff that ...
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