KAMAZ was included into the list of Russia’s most expensive public companies at year-end 2016


According to Rossiya Segodnya Media Group, KAMAZ PTC (part of Rostec State Corporation) was included into the list of Russia’s most expensive public companies at year-end 2016.

KAMAZ is 82nd in the top 100 of the country’s largest companies in terms of market capitalization. Moreover, Chelny’s truck manufacturer is the leader among the listed companies in the ranking of automakers.

“In general, the list of one hundred largest public companies in Russia didn’t change much for a year,” the authors of the rating note. “There are only seven new companies in it.” So, there are mainly mineral and financial companies in the top ten. These enterprises’ capitalization increased on average by 55% for a year. KAMAZs capitalization increased by 68.5% in 2016.

Russia Truck Giant Eyes ASEAN Market With Vietnam Expansion


Last week, the director-general of Russia’s biggest truck manufacturer, Kamaz, said that the company plans to boost the export of its trucks to Vietnam as part of a broader move to expand its presence in other Southeast Asian markets.

KAMAZ Director General Sergey Kogogin told Russian state-owned TASS news agency that the firm plans to expand its presence in Vietnam, with a view that more Kamaz trucks could also be then supplied to neighboring ASEAN countries such as Laos and Cambodia.

Kogonin’s statement that KAMAZ intends to boost its Vietnamese presence is no surprise. KAMAZ has had a long relationship with Vietnam, with the first truck delivered to the country back in 1979. And Vietnam’s attractiveness as a country has only grown in recent years, with it becoming the top export market for KAMAZ last year, when the Vietnam and the Eurasian Economic Union (EAEU) inked a free trade pact. Kogonin said that in 2016, KAMAZ exported 1,855 trucks to Vietnam – which constituted a fifth of its overall exports – and that around 30 percent of that went to the Vietnamese military.

Kogonin’s emphasis to TASS that KAMAZ’S policy is “aimed at long-term presence [in] the Vietnamese market, seen as a strategic one in the Asia-Pacific” is also not entirely new. The economic difficulties in Russia and Central Asian markets mean that KAMAZ has had to look elsewhere to boost exports, and booming Asian markets like Vietnam and India have been a key part of this reorientation.

But it is still unclear how exactly KAMAZ would make greater inroads into Vietnam, and how successful it will be. Kogonin said KAMAZ was thinking about boosting production facilities that it had established in Vietnam to add to its capabilities, and that it was in the process of analyzing prospects before determining its further strategy with respect to Asian markets. In fact, though KAMAZ has had joint ventures in Vietnam in the past that had helped it boost vehicle sales, progress had been slow and some previous moves to expand this further had been met with frustration. Conditions in place in Vietnam as well as the presence of other competitors in certain parts of the market have proven challenging previously and are likely to remain so in the future as well, despite recent inroads.

If KAMAZ does end up going forward with the plan, however, this could have effects not just on its prospects in other Southeast Asian markets, but for its role in Vietnam as well. For instance, some have speculated that improvements in its business model could increase the attractiveness of its products relative to other rival brands in Vietnam, including those from China that already face issues such as quality.

Dakar 2017, Stage 12: Nikolaev leads Kamaz 1-2 in trucks


Eduard Nikolaev secured his second Dakar Rally trucks title, leading home teammate Dmitry Sotnikov in a one-two for the Russian Kamaz marque.

Nikolaev, whose first title came in 2013, spent the entire 2017 edition of the rally bar the first two stages in the top three overall.

After leading Stage 3, Nikolaev dropped behind first Sotnikov then defending champion Gerard de Rooy (Iveco).

The Dutchman led as the first week ended, but quickly dropped behind the aforementioned Kamaz duo with a puncture on the eighth stage, before losing further time to navigational difficulties on Stage 10.

Sotnikov led again for two days but Nikolaev set the pace on Stages 10 and 11, giving him a 17-minute lead before the final sprint stage in Rio Cuarto.

He collected his fourth stage win of the weekend in the final run, and scored Kamaz’s 14th title in the process, beating Sotnikov by just under 19 minutes.

Sotnikov recorded his best Dakar result in second place, followed by Iveco duo de Rooy and Federico Villagra, who were 41 minutes and an hour down on Nikolaev respectively.

Ayrat Mardeev brought a third Kamaz into the top five, recording the lowest-placed finish of his Dakar career.