KAMAZ Announces Conclusion of Agreement with Timoney Technology Ltd
OREANDA-NEWS. May 4, 2012. KAMAZ, the biggest Russian truck manufacturer, has teamed up with Timoney to bring Independent Suspension Systems to the Russian Federation.
OJSC KAMAZ has announced the conclusion of a far-reaching agreement with Timoney Technology Ltd (TTL) of Gibbstown, Co. Meath, Ireland, to cooperate in the construction and geophysical exploration vehicle sectors.
According to the agreement, Timoney will develop and produce Independent Suspension Systems for all KAMAZ vehicles that are to be equipped with independent suspension systems including those with two, three and four axles; transfer cases and steering systems.
“It is a significant step for KAMAZ to be in a position to provide advanced vehicle technology to the mineral rich Russian Federation market,” declares Sergey Kogogin, General Director of KAMAZ. “Our partnership with Timoney Technology, a world leader in Independent Suspension technology, enables us to draw on their superior know-how in the fields of advanced chassis technology and transform the productivity of our vehicles for our customers.”
Shane O’Neill, CEO of Timoney, said: “Timoney is excited to be working with KAMAZ, which has demonstrated its belief in the value of using independent suspension for its vehicles. This is a further demonstration of Timoney’s status in this sector globally. By applying Timoney technology in the Russian Federation market KAMAZ will be in a position to offer its customers the most advanced trucks available anywhere. Timoney is proud to be associated with the great KAMAZ Company which has recognized Timoney’s capability in the field.”
Mr. O’Neil said KAMAZ is the latest in a series of agreements Timoney has concluded with major international companies.
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