CEO says KamazТs investment program to grow 62% in 2018
NABEREZHNYE CHELNY, republic of Tatarstan, Jun 29 (PRIME) -- The investment program of Russian truck producer Kamaz will rise by 62% to 23.1 billion rubles in 2018, CEO Sergei Chemezov told reporters on Friday.
УThe business plan for 2018 plans investment at 23.1 billion rubles, or at 13.5% of revenue, this is a 62% growth as compared with 2017,Ф Chemezov said.
He said that Rostec will give a 19.5 billion ruble loan to Kamaz in 2019 to finance the investment program.
(63.2910 rubles Ц U.S. $1)