OREANDA-NEWS. December 13, 2010. A meeting of OJSC KAMAZ’s Board of Directors has been held in Moscow.

The representatives of the company’s owners considered the Program of Strategic Development of OSJC KAMAZ till 2020 presented by Sergey Kogogin, Director General of OJSC KAMAZ, his deputies and other leading managers of the company. OJSC KAMAZ’s Board of Directors approved the presented program.

KAMAZ Board of Directors discussed and approved the business plan of organizations of OJSC KAMAZ for 2011.

The report on the business plan for 2011 said that it was expected to sell about 32,100 trucks in 2011, 28,100 units of them to the Russian market, and 4,000 vehicles for export. Hence, the share of OJSC KAMAZ in the Russian 14-40 t GVW truck market will be 51%.

According to the approved business plan of the company, it was planned to produce and sell 35,806 units in 2011, including medium-tonnage trucks. 30,966 vehicles of them will be sold in the Russian market, and 4,840 units will be realized in foreign markets.

The company’s main objectives for 2011:
to gain consolidated proceeds from realization of goods, products, rendering of services to the tune of no less than 90.6 billion roubles (according to the Russian standards);
to guarantee EBITDA profitability no less than 7.1% (according to the Russian standards);
to increase labor productivity by 17.8%;
to guarantee improvement of customer properties, reliability and specifications of the current model line of vehicles due to introduction of up-to-date components;
to master production of vehicles with Euro 4 engines;
to develop a new generation of vehicles with Euro 5 engines;
to modernize and develop facilities due to application of state-of-the-art equipment, etc.;
to develop joint ventures differentiating a product range, speeding up output, and developing localization within the limits of strategic partnership projects.