KamAZ and Palfinger are establishing two new facilities in Russia

KamAZ and Palfinger are establishing two new facilities in Russia

Avtostat – Russian KamAZ and Austrian crane manufacturer: Palfinger AG have signed two agreements, proposing the establishment of two joint enterprises.

The first agreement is related to the establishment of a facility, which will manufacture hydraulic and telescopic cylinders for KamAZ, Palfinger Russia and third parties. The annual production capacity of the facility, which is planned to be established in Neftekamsk – Bashkortostan Republic, will be over 80,000 hydro cylinders.

The second agreement signed between the two companies proposes the establishment of an assembly centre, where crane equipments will be installed on truck frames from various brands, in Naberezhnye Chelny – Tatarstan. The centre will use crane equipments manufactured by Palfinger, alongside other brands. The shares of the companies in the partnership are as follows: Palfinger – 49%, KamAZ – 51%.