CEO says Kamaz’s 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.

“The 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,” 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 – U.S. $1)

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