Friday, July 06, 2012 -
Russia's top truck maker said Thursday it aims to ramp up exports with Kazakhstan as its top priority market.
KamAZ said in a statement it will increase its foreign sales to 25 percent of total production by boosting truck supplies to Central Asia’s largest economy.
The strategy is expected to return the firm’s export sales to levels it achieved before the global financial crisis struck in 2009. KamAZ has been exporting just 15 percent of its output between 2009 to 2011.
The Russian vehicle maker attributed the strong demand among Kazakh consumers for its trucks to two main factors.
“First of all, Kazakhstan is a country rich in natural resources, with large oil, gas and uranium deposits while KamAZ offers a wide range of specialized vehicles for operation in the oil and gas extracting industry,” the firm said in a statement.
“Secondly, the Kazakh economy is developing intensively on the back of foreign investment, which has contributed to the growth of construction. Also, a modern highway will run from China to Western Europe and KamAZ trucks are actively used in its construction.”