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KamAZ

February 13, 2004

“KAMAZ - 2004”: Results in January

One of the most important achievements of KAMAZ Inc. last year was stabilization of production and sales of the main product range and gradual increase of their volumes. January 2004 operation results within the companies of KAMAZ Inc.’s Group are confirming this.

At the beginning of the year, KAMAZ Inc. has delivered to its customers 2,126 billion rubles’ worth products (together with corporate output of “NefAZ” Inc. and “KAMAZ-AvtoPritsep” Inc., which are KAMAZ subsidiaries in Russia). This is by 10,4 % more as compared with January 2003. Output growth in the parent company has exceeded this average Group’s rate by 5%.

Total volume of produced and marketed goods (by 1 February) makes 1 883 trucks, 2 700 ?ars, 2 118 engines and power units. Accordingly, this is by 24%, 17,4%, and 13,1 % higher than in 2003.

And already at the beginning of the year the output structure has reached the volumes that were close to the annual average rate of KAMAZ Inc. As a result of successful market activities and upgrading of a three months production planning system the Company has successfully solved a long time problem of reducing significantly of above products’ volumes at each year start. In full compliance with the business plan for 2004, spare parts and products of diversification have earned the Company 354,3 million rubles and 212,6 million rubles accordingly.

Other KAMAZ subsidiaries in Russia have achieved positive results of their activities too. “NefAZ” and “KAMAZ-AvtoPritsep” subsidiaries have been closely operating at the market together with the parent company and in cooperation with each other and as result they have exceeded total volumes of their business plans by 10,7% and 8,3% accordingly. Volumes of trailer and semi-trailer production have been increased by 32% as compared with January 2003. All these companies have set themselves a short-term target to achieve the same level of stabilization of their activities as KAMAZ Inc.

KAMAZ has a very good start of 2004. This gives a hope for successful promotion of the Company in the course of the year. In accordance with its business-plan, the Company is to produce and market 26 400 trucks, 40 000 cars, 5,4 billion rubles’ worth spare parts to these vehicles, and over 3,5 billion rubles’ worth products of diversification.

 

 

 

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