MOSCOW TIME: 18.09.2018 19:08:57

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%).

Source:TASS

:

Automotive Kamaz Russia Indonesia

Share this:

Share this Share this Share this

NEWS


18.09.2018 Russia-Hungary Trade Turnover Increased By 30%

According to the Federal Custom Service of Russia, trade between the two countries grew by 30% to $5.5 bn in 2017. Relations have seen a marked progress in finance, agriculture...

17.09.2018 Russia-Japan Trade Turnover Increased By 20%

According to the Federal Custom Service of Russia, in 2017 Russia-Japan trade turnover has amounted to $18.261 bn, while in the first half of 2018 it has stood at $10.053 bn.

17.09.2018 Lipetsk Regions Trade Turnover Increased By 27.6%

For the first eight months of 2018 Lipetsk Regions Trade Turnover has reached $3965.3 mln, it is a 26.7% increase compared to the same period of the previous year.

EVENTS


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

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

21.11.2018 00:25:00 UZPRODTECHEXPO-2018

November 21-23, 2018 Tashkent (Uzbekistan)

31.10.2018 00:05:00 UZENERGYEXPO-2018

October 31 November 2, 2018 Tashkent (Uzbekistan)

INTERVIEWS


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