OREANDA-NEWS.  OJSC KAMAZ’s Property Management Department summed up last year’s results of its work.

The department fulfilled its main tasks and even overfulfilled some of them. Today, KAMAZ Group consists of 109 companies. Last year, it excluded non-core assets among which are Football Club KAMAZ, KAMAZ’s library, OAO Elektrotransport (under a deed of a gift, 100% shares of the enterprise were granted to the city), and also the company withdrew from its joint venture set up with CNH Global.

In addition, the department reports that last year the Annual General Meeting of KAMAZ Shareholders decided to pay dividends of over 430 million rubles to 20,000 shareholders, which is more than 95 percent of the total amount of accrued dividends.

In 2013, the department developed and approved development strategies for subsidiaries, as well as regulations for sales of released property. It should be noted that KAMAZ is one of the first largest enterprises in Russia that implemented a new procedure for selling unused property. Interface was developed on the website of OJSC KAMAZ for placement and retrieval of information on facilities for sale with photos. You can choose an article of trade you are interested in, make an application and contact with KAMAZ experts. Potential buyers are offered facilities in a working order, for example, functioning production equipment which is outdated by technical parameters and not complaint with KAMAZ’s modern requirements. As for movables, in 2013, tenders were carried out for 34 lots. The total amount of sales made RUB 17.2 million with an initial price of RUB 16.2 million, which is by 54% higher than a bottom price (the price of scrap metal plus 30%).