Cooperation with the Austrian group PALFINGER AG, a lifting and handling equipment leader would help KAMAZ secure a place in the lifting and handling gear-equipped vehicles in Russia and the CIS. The Russian market of specialized equipment has a tremendous growth potential.
PALFINGER AG, an Austrian manufacturing company, has become partner of KAMAZ in production of lifting, handling and specialized equipment, KAMAZ reports. General Director of KAMAZ Sergey Kogogin and PALFINGER AG (Austria) CEO Herbert Ortner signed a cooperation agreement to develop manufacturing of specialty equipment and joint collaboration with key partners and dealership networks.
KAMAZ will continue mounting Austrian equipment on its trucks, and promoting products and providing after-sale service through its own distribution network. In turn, PALFINGER AG intends to provide training and warranty service for the complete product line-up.
While evaluating cooperation prospects, KAMAZ OJSC General Director Sergey Kogogin said, “By choosing PALFINGER AG as a general partner capable of supporting volume manufacturing of products of high quality and providing full support should enable KAMAZ to secure a significant role in the loading and handling vehicle segment of Russian and CIS markets. The KAMAZ - PALFINGER cooperation experience has shown that our relationship has a strong potential.”
“This day will go down in history not only of our companies, but also of the Russian construction equipment market,” PALFINGER AG CEO Herbert Ortner said. “Collaboration with a major partner like KAMAZ, a leading Russian commercial vehicle manufacturer, is giving a sizeable impetus to our presence on the Russian market, which holds extraordinary potential for growth. This agreement gives our company, a leading player in the lifting and handling solutions market, an opportunity to showcase our state-of-the-art technologies, our extensive product range, modern solutions and expert employees.”
KAMAZ Group is a leading Russian manufacturer of commercial vehicles, the world’s 16th largest manufacturer of heavy trucks and 8th largest maker of diesel engines by unit output. The Group’s value chain includes 11 major vehicle-making plants and support divisions. The overall KAMAZ Group currently includes more than 150 in Russia, CIS and other countries. Four joint ventures have been established at KAMAZ with leading international manufacturers of vehicle components: ZF KAMA (transmissions), CUMMINS-KAMA (engines), KNORR-BREMSE-KAMA (braking systems), Federal-Mogul Naberezhnye Chelny(cylinder piston assembly parts). KAMAZ employs more than 55,000 people overall.
PALFINGER AG is one of the world’s leading manufacturers of lifting, loading and handling solutions for commercial vehicles and ships. The company generated approximately EUR 935 million in 2012 sales. The group owns production and assembly plants in Europe, North and South America, as well as Asia. PALFINGER is widely seen as a leader not only in products, but also in technology, and a leader on the global hydraulic manipulators market.
