THE PRESIDENT OF TATARSTAN TESTED KAMAZ-54901 AND TALKED WITH KAMAZ

10
Sep
2020

On September 9, as part of a working trip to Naberezhnye Chelny, the President of the Republic of Tatarstan Rustam Minnikhanov tested the latest model of the auto giant’s product line – the KAMAZ-54901 mainline tractor and talked to the workers of the KAMAZ press and frame plant.

Driving a new truck, Rustam Minnikhanov was interested in its technical characteristics. β€œWe are testing KAMAZ-54901 – the fifth generation! It’s driving great,” the president commented later.

Also, Rustam Minnikhanov was presented with a new Mercedes-Benz Actros mainline tractor with a Euro-6 engine. The truck cab with the use of various local auto components was manufactured at the DAIMLER KAMAZ RUS JV, which specializes in the production of cab frames for Mercedes-Benz and KAMAZ trucks. Serial production of the Mercedes-Benz Actros will begin in November.

The President of the Republic of Tatarstan also visited the KAMAZ press-frame plant, where he got acquainted with the progress of the implementation of a large-scale production modernization project and talked with representatives of the labor collective.

Rustam Minnikhanov noted that KAMAZ has very good development prospects, stressing that of all the automobile plants in Russia, this is the only enterprise that independently develops its vehicles.

IT INSURANCE FOR KAMAZ TRUCKS

5
Sep
2020

A new KAMAZ-Blicico start-up is being implemented at KAMAZ, which provides for IT-insurance of vehicles.

KAMAZ is gradually switching to IT-insurance of its vehicles: the new system will determine at what point in time, on which road, with what load, at what speed the truck is moving, where it made stops, and based on this, calculate the insurance. The Blicico aggregator of insurance, participating in the project, has existed for three years already, in its practice it has insurance of life, cargo, vehicles. It is the only company of its kind in Tatarstan that is ready to provide smart insurance based on modern technologies.

The developers set themselves the task of making the truck insure itself. Thanks to a special system, it will independently activate the insurance while driving: take into account the speed, monitor the track. If the driver used to have to buy classic insurance for a certain period and pay for it even when the vehicle was not in use, now they only pay for the time the vehicle is in movement. Accident insurance will be offered when the truck is parked. This is the essence of “smart” insurance: almost all the work is performed by a special device, which eliminates the human factor and saves time and money on insurance. As for the payment of such insurance, it also has the status of “smart”. You can buy a so-called insurance package or pay after the fact, at the end of a certain period.

KAMAZ PTC HAS PUBLISHED FINANCIAL RESULTS FOR THE 1ST HALF OF 2020 IN ACCORDANCE WITH IAS

31
Aug
2020

As a result of the activities of the KAMAZ Group, a net profit of RUB 32 million was achieved in the first half of 2020, compared to a loss of RUB 3,204 million for the corresponding period last year.

The consolidated revenue of the group of organizations of KAMAZ PTC amounted to 85 billion rubles, exceeding the same indicator in 2019 by 9%.

Despite the decline in the truck market in Russia, the Group KAMAZ is still in first place among participants of the Russian market of trucks with GVW over 14 tons. The drivers of revenue growth were sales of trucks on the domestic market, including on financial leasing terms, and sales of passenger transport.

Revenue growth and anti-crisis measures taken to reduce costs led to improved operating performance and provided positive operating cash flow in the amount of 7,554 million rub. (6 months 2019: – 8,517 million rub). EBITDA for the reporting period was 6,062 million rub.

Success in current operations allows us to maintain an optimal level of investment in the development of new advanced projects in difficult economic conditions.

Earlier, KAMAZ published accounting statements for the first six months of this year under RAS: the company’s net profit for the reporting period amounted to 554 million rubles against a loss of 2 billion rubles for the same period in 2019, gross profit reached 7.295 billion rubles, which is higher than in the same period last year by 4.8 billion rubles