KAMAZ and CNH signed an agreement on the establishment of two joint ventures for production of agricultural and construction equipment
October 8th Chairman of the Board of Directors KAMAZ Chemezov and head of the FIAT Group Sergio Marchionne signed an agreement between the KAMAZ and CNH Internation the establishment of two joint ventures producing agricultural and construction equipment, as well as to promote and sell products.
Collaborate KAMAZ with CNH for the production of agricultural and construction equipment would create additional jobs and increase tax revenues in the budgets of different levels and to raise the technological level of Russia's agricultural and construction machinery, said the report KAMAZ. Application of technology in the fields, produced at the joint venture, will increase agricultural productivity and reduce losses during harvesting.
This agreement - a serious sign of long-term commitment CNH Russia. CNH will contribute to a joint venture of their technology and know-how, the existing distribution network, access to a broad base of suppliers and the related economies of scale solutions for retail financing and leasing, steady presence on Russia's market and the leading brand recognition, along with a broad product line, both localized and imported products , - said after the signing Sergio Marchionne.
Russia's industrial firms in general and the KAMAZ in particular, are actively developing cooperation with leading global manufacturers of high-tech products. This allows us to attract the most advanced technology and to provide Russian consumers of modern technology - said Chemezov.
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