MOSCOW TIME: 16.11.2018 23:55:11

Companies + Economy + Local News

Russian truck maker Kamaz opens subsidiary in Indonesia

Russian truck maker Kamaz opens subsidiary in Indonesia

Kamaz has opened a subsidiary in Indonesia to increase sales of its products, press service of the Russian truck maker reports on Wednesday.

"The company named PT Kamaz Trucks Indonesia has become a hub for Kamaz in Indonesia and obtained a status of an official importer. PT Kamaz Trucks Indonesia will supply popular models of the Russian manufacturer to the Indonesian market," the company says.

The subsidiary will be headquartered in Jakarta and has 100% foreign authorized capital. "Indonesia is of interest for the Russian company owing to the local market capacity and its development dynamics. Our activity in this region will continue growing," chief executive of Kamaz Foreign Trade Company Rafail Gafeev says. Kamaz also plans to set up qualified service centers on islands of Java, Sumatra, and Kalimantan, he notes.

It was reported earlier Kamaz exports fell 38.4% year-on-year to 1,300 in the first half of 2018.

Kamaz Group, the largest automobile corporation in Russia, produces trucks, trailers, buses, tractors, engines, power units, and different tools. The company’s share of the Russian heavy trucks market is 51%. As of May 1, 2018, its main shareholders were the state-owned Rostec corporation (49.9%), Avtoinvest Ltd (23.54%), and German auto concern Daimler AG (15%).



Automotive Kamaz Russia Indonesia

Share this:

Share this Share this Share this


13.11.2018 Russia Increases vodka export

Russia increased vodka exports by 8.3% in the first nine months of 2018.

13.11.2018 Russian wheat to Iraq

Iraq needs an annual wheat supply of between 4.5 million and five million tons and has an import gap of around two million tons a year.

25.10.2018 Alaska Pollack From Primorye Territory Got More Expensive

According to the Federal Custom Service of Russia, from January to July, 2018 Primorye Territory's export value of frozen Alaska pollack has increased by 12% compared to th...


06.06.2019 00:38:00 St. Petersburg International Economic Forum 2019

June 6-8, 2019 Russia (St.Petersburg)

28.05.2019 00:31:00 KAZINTERPOWER 2019

May 28-30, 2019 Razakhstan (Pavlodar)


November 2-23, 2018 Russia (Novosibirsk)


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education

03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners