The JV “Knorr-Bremse Kama” completely passed under the control of Kamaz

The JV “Knorr-Bremse Kama” completely passed under the control of Kamaz


 

Kamaz News.- The German industrial group Knorr-Bremse AG has withdrawn from the capital of the joint venture Knorr-Bremse Kama. Previously, the German investor’s share in the company was 50%.

At the same time, Kamaz became the sole owner of Kamaz Brake Systems, which is managed by Manfred Kindermann, General Manager of Knorr-Bremse Kama.

Kamaz does not comment on the terms of the deal with the German partner, but as explained by the press office, changes in the composition of the shareholders will not affect the production.

The company continues the production due to the high level of localisation and intends to develop the product line for Kamaz trucks,” commented Kamaz

LLC “Knorr-Bremse Kama-Systems for Commercial Vehicles” has been manufacturing braking systems for trucks in Naberezhnye Chelny since 2007. At the end of last year, the joint venture’s revenue amounted to 3.6 billion rubles, net profit – 184.4 million rubles. Authorized capital is 138.5 million rubles.


 

Tags: Kamaz