OREANDA-NEWS. At the last meeting in Moscow it was approved actualized program of strategic development of the company by KAMAZ Board of Directors for the period up to 2020.

As it is indicated, activity of KAMAZ is linked inextricably with socio-economic processes that are in Russia and in the world. The slowdown of the Russian economy, growing uncertainty in the global markets, complication of the geopolitical situation demanded to change the strategy of development of KAMAZ. Updated target parameters take into account possible changes in the macroeconomic scenario and market conditions, the implementation of phases of the re-engineering program, availability of investment resources and other factors, while providing the necessary dynamics and stability of the business of KAMAZ.

By keeping unchanged strategic development priorities (key market - Russia, positioning in the middle price segment, integration into the global automotive industry, the development of partnerships with the corporation Daimler), the company adjusted the parameters of strategic objects that could be reached by 2020. Thus, the sales forecast for 2020 was reduced from 80 thousand to 60-70 thousand units. In this case, the target of export share is 20-30% now vs. 25% that was planned earlier. Revenue, according to the updated business plan, by 2020, should be 230-270 billion Rubles (earlier it was 350 billion Rubles). Due to the development of production of new model range of commercial vehicles, the depth process re-engineering, increase of productivity, as well as the implementation of asset restructuring program, the margin by EBITDA in 2020 is planned at the level of 8-10% (was 14%). The parameters of the investment program were reviewed, therewith, the total value of the investment program for the period up to 2020 is optimized in amount of 60-80 billion Rubles (it was 62 billion Rubles).