Russian truck maker Kamaz said it plans to increase production by 8%-10% next year.

Chief executive officer Sergei Kogogin told the company's labour union conference that assuming a favourable market environment in 2010, Kamaz's output may rise as much as 15%-20%. He added that in this case the company may also raise employee wages.

According to earlier reports, Kamaz planned to produce 25,000-28,000 vehicles in 2009.

Some observers believe that the Russian economy will revive in 2010 as energy prices rise and manufacturers rebuild depleted stocks.

 

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