Annual General Meeting of TZA

12 June 2017

The Annual General Meeting took place at Tuimazinskiy Zavod Avtobetonovozov, KAMAZ's subsidiary in Bashkiria.

Chaired by Yury Gerasimov, First Deputy DIrector of KAMAZ PTC - Executive Director, Chairman of TZA PTC's Board of Directors, the meeting considered issues concerning the results of the company's activity for 2016. In particular, the annual statement and annual accounting reports were approved, decisions were taken to pay remuneration to the members of the Audit Committee, and also to approve OOO AKK Audex as the company's auditor.  

In 2016, the plant managed to increase a share on the market of transit concrete mixers from 57% to 63%, on the market of concrete pumpers from 23% to 34%. The share of new vehicels in the volume of shipped products made 7.5%.

Since there is no net profit from the company's activity in 2016, the shareholders decided not to pay dividends upon shares.

"In 2017 we'll continue strengening the leading positions on the Russian market of concrete mixer lorries and keeping our solid presence on the market of concrete pumpers," TZA's CEO Vladimir Kurganov told about the company's plans addressing the shareholders. He informed that it was planned to master the production of advanced and called-for novelties. Top priority activities include measures to improve of the concrete carrier line-up in terms of quality and reliability, and to expand the range of concrete delivering machines produced by the company. 

The shareholders elected new memebrs of the company's governing bodies - the Board of Directors and the Audit Committee of TZA PTC - by cumulative voting. The final results of the voting on all items of the agenda of the Annual General Meeting are to be published in the newsfeed of Interfax and at the website of the company within the period set forth by Russian legislation.

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