Date: 5 months ago   Category: Industry

"KAMAZ" and Weichai have created the joint venture for release of engines in the Yaroslavl region — Rambler News Service


"KAMAZ" and Weichai Power Co. have created Veychay KAMAZ joint venture for release of industrial diesel and gas engines on the free areas of the Tutaev Motor Plant company ("daughter" of "KamAZ") in the Yaroslavl region, the car maker has reported. The joint venture is created on a parity basis. The first engines are planned to be realized in 2018. It is supposed that the main region of sale of engines will become the CIS country and the Customs union of the Eurasian Economic Union (Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan). The joint venture at an exit to the planned capacities will allow to create about 160 new jobs. The new company plans to submit the application for obtaining the status of the resident of the territory of the advancing social and economic development Tutaev. "Today we actively work on development of a product line, complementing production range with hi-tech models. The new product is especially necessary for many branches, in particular for shipbuilding and a lokomotivostroyeniye, for diesel and gas electric generators and also heavy-load special equipment", - the CEO of "KamAZ" Sergey Kogogin has told. His words are cited in the message.

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