KAMAZ IN GROZNY

KAMAZ PTC HAS PUBLISHED THE GROUP’S FINANCIAL RESULTS FOR 2019 IN ACCORDANCE WITH IAS

24
Apr
2020

The consolidated revenue of the group of organizations of KAMAZ PTC in 2019 amounted to 190 billion rubles (2018 – 186 billion rubles). The main growth was shown by the passenger transport and financial leasing segments.

Revenue from the sale of buses, trailers and special equipment increased by 52% compared to the same period of the past year and amounted to 17,399 million rubles, the group’s revenue from the sale of vehicles on financial leasing terms amounted to 3,642 million rubles, which is 58% higher than in 2018.

KAMAZ PTC maintained a high investment level of 7.5% of revenue, continuing to implement a major investment project «Development of KAMAZ car range and modernization of production facilities».

At the same time, the company managed to maintain the cost price at the level of 2018, as well as reduce the loss compared to the first half of 2019 by more than 1 billion rubles.

Revenue growth and accelerated inventory turnover in 2019 provided positive operating cash flow in the amount of 6,437 million rub, a stable financial position of KAMAZ PTC and the ability to meet its obligations, which is confirmed by the credit rating of KAMAZ PTC at А+(RU) level assigned by the ACRA Agency.

The difficult situation on the Russian heavy truck market and the growing financial burden associated with the company’s investment cycle caused KAMAZ Group to receive a loss of RUB 1,955 million in 2019.

NEW MODIFICATIONS OF R6 ENGINES ARE BEING DEVELOPED AT KAMAZ

20
Apr
2020

As part of the Tibet project’s second stage of the, KAMAZ specialists are working to increase the production of new inline six-cylinder engines to 30 thousand units per year with the expansion of the model range.

The decision to increase production to 30 thousand engines per year with the expansion of the model range due to the development of five new modifications of the R6 was made at KAMAZ in December last year. In the future, new engine modifications will be launched – gas, gas-diesel, and engine with increased energy efficiency, engine with a volume of 13 liters and, in the future, the engine of the ecological class Euro-6. Design documentation for these engines is currently being developed at the Scientific and technical center (NTC) of KAMAZ.

Recall that the project “Development and organization of production of a family of promising 6-cylinder inline engines with a working volume of 12 liters” (working name “Tibet”) was opened in the company in 2014. Its first stage was successfully completed in the fourth quarter of 2019 – a six-cylinder inline engine with a capacity of 400 to 700 HP, of the Euro-5 ecological class, was developed and put into serial production. Production facilities have been created for the production of 12 thousand engines per year. This power unit is intended for installation on promising models of KAMAZ vehicles and other equipment. The inter-service mileage is 150 thousand km; the resource is 1.5 million km.

Production of critical parts, assembly, testing and painting of the engine is carried out on the most modern equipment of world manufacturers – from Germany, Italy, England, and Austria. In 2019, a pilot batch of 151 units was released. Currently, the engines are undergoing operational tests as part of automotive equipment.

During 2020, the KAMAZ engine plant plans to produce at least 1 thousand engines of the new R6 family. Also, for the implementation of the second stage of the project, technical negotiations on the selection of equipment suppliers are planned for the current year. Contracts are expected to be signed in the fourth quarter of 2020, and equipment will be delivered in 2021. Development of production of five new modifications of P6 engines-in the future 2022-2023.