A 50-50 joint venture between Russian truck maker Kamaz and Daimler, Daimler Kamaz Rus will apply for a special investment contract (SPIC) to build truck cabs in Tatarstan by the end of August, according to a local news report.
A factory with capacity for 57,000 cabs is currently being built in Tatarstan, RusAutoNews.com reported. Construction started in March 2016 and is scheduled for completion by 2018 with production planned for 2019-2020.
Go deeper with GlobalData
Cabs will be shipped to truck assembly lines at both Kamaz and Mercedes-Benz truck plants. The cab factory will have welding, painting, welding, and logistics sections plus an energy centre, on a total area of 67,900 square metres.
Earlier media reports had said the plant would cost EUR400m.
Daimler announced last February it would build cars in a joint venture plant in the Moscow region in which the Kamaz/Daimler JV would be involved.
See Also:
The RusAutoNews.com report also said the Mazda Motor Corporation/Sollers joint venture, Mazda Sollers Manufacturing Rus, had signed a SPIC proposing construction of an engine factory in Vladivostok while BMW (car production in Kaliningrad) and Hyundai (engine production) were also expected to sign special investment contracts.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
