KamAZ investment programme set at $1bn

 KamAZ investment programme: The KamAZ truck manufacturer this week become the first company in Russia’s automotive sector to secure state support to help it through the current protracted downturn in its market, with the government agreeing to provide it with state guarantees worth nearly RUB35bn for a large-scale investment programme. KamAZ is planning to design and develop new truck models, and to both modernize its facilities and introduce efficiencies. rbth