KAMAZ PTC plans to allocate 20 bn rubles for its 2023 investment program. This was announced by the company’s director Sergey Kogogin to journalists of federal mass media at the press conference held in Moscow.
Notwithstanding the difficulties of the outgoing year, the implementation of the investment program never stopped. Moreover, next year the company is to increase the investment program by one third, in comparison to this year’s sum.
“The business plan includes 20 bn rubles for next year’s investment program. This year, the investment budget was 14 bn rubles, but we are to spend about 15 bn rubles, final financial operations are currently underway,” informed Sergey Kogogin.
According to him, the enterprise is almost closing the previously planned program. There is only an axle development project left. Later, the company will follow the course of expanding capacities.
“We didn’t cut the investment program. Technically, our company is finishing the basic investments planned. We have only one area left – axles. The program is developed, we know how to finance, and we are going this way. Today, all the rest is related only with expansion of capacities. Engine production volumes are enough for 2023 and almost the whole year 2024, but by the end of 2024 we are to increase capacities,” told KAMAZ’s General Director.
The production of KAMAZ electric buses is also in next year’s investment program. This segment was hit too due to withdrawal from the European component base. But all tasks are solved. The new prototype have already undergone tests. In February 2023, KAMAZ plans to launch production of the renewed electric bus with an increased share of components made in Russia and friendly countries. And the company will participate in Moscow’s next tender with the new electric bus.
Nowadays, this work and other innovative solutions are becoming strategically important for the country during import phase-out. KAMAZ, alongside with other Russian enterprises, tries its best to ensure technological sovereignty and satisfy demand for modern eco-friendly vehicles replacing them with locally made products.
“It was extremely difficult to shift away from European components for electric buses. But the problem was solved. In general, we intend to embark on preproduction in February and take part in a tender to be announced by Moscow,” noted Kogogin. He also told that the capital planned to purchase no less than 500 electric buses a year. This year, KAMAZ has closed the contract having sent the last 33 electric buses to Moscow.