The meeting of Kazakhstan KAMAZ Consortium’s participants.

As a result of reallocation of shares the shares of three companies were reduced to 5 %: Astana Finance, Kazakhstantractor and Ispat Karmet. Thus as of February 8, 2005 the share of KAMAZ OJSC in the Consortium totals 20 %, the share of Astana Finance – 15%, Semipalatinsky Engineering Plant JSC, Iskere JSC, Akmolinsky autocenter KAMAZ  Ltd, KZRD Ltd, Kazakhstan Engineering National Company - 10% each, TSATEC CJSC, Ispat Karmet JSC, Kazakhstantractor JSC – 5% each.

The President of Kazakhstan KAMAZ Consortium, Kintal Islamov summed up the previous year. In 2004 2.5 thousand units of KAMAZ machinery were sold (+40% in comparison with 2003). 430 trucks and special equipments were leased. The leasing portfolio of Astana Finance JSC totaled USD 10 million according to the data of Mr. Islamov. K. Islamov called the last year a year of active operations and goals achievement set up when Kazakhstan KAMAZ Consortium had been founded to which the bilateral collaboration between Kazakhstan and Tatarstan facilitated. Leasing will continue to be a priority direction and one of the most effective financial instruments to promote KAMAZ machinery in the market of .

The plans of cooperation and widening of collaboration for 2005 were discussed not only by the Consortium’s participants but at the meeting with the Prim-Minister of the . The Consortium’s President K.Islamov and the General Director of KAMAZ OJSC Sergey Kogogin declared about creation of joint bus production in Kokshetau (). The founders of NEOBUS Company became KANAZ OJSC, Astana Finance JSC and TSATEC CJSC.

updated 09.12.2008

Print