The report in focus

Automotive Industry In Russia. Results of 2019. Prospects

Automotive Industry In Russia. Results of 2019. Prospects

Exit date 02.06.2020

Format PDF, 55 стр.

Price 960 eur.

report contains information on automotive vehicle production in Russia, particularly passenger cars and commercial vehicles

02 june more info


Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

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KAMAZ intends to place ruble bonds for RUB 35 billion

KAMAZ plans to place a ten-year bonds for RUB 35 billion in 2014-2016, the decision about this can be made at the end of this year - first quarter of next year, said the Chief Financial Officer of plant, Elena Milinova. Rate, according to her, may be at the level of public debt bonds placement rate plus 1.5 %, it can be fixed or floating. “In the near future we plan to submit materials to the Ministry of Economic Development, there is all ready”, - said Mrs.Milinova. Materials from KAMAZ are waited by Ministry of Economic Development until the end of this week for peer review, the press service of the Ministry informed the newspaper “Vedomosti”.

However, the final decision on the issue will be taken by KAMAZ Board of Directors - in accordance with corporate standards, remarked the director of the Department of Public Relations, Oleg Afanasyev. He said the raised funds will be used to implement the investment program of plant.

The main shareholder of the plant – “Prostechnologii” - planned to propose to the government to study the possibility of presenting for KAMAZ state guarantees on borrowings in the amount of RUB 35 billion, reported earlier “Interfax” by referring to the materials of state corporation. They said that KAMAZ has invested in the organization of serial production of a new family of trucks around Rub 8 billion and it suggests further investments in the amount of RUB 62 billion. The company is ready to invest up to RUB 27 billion of its own funds and RUB 35 billion is expected to attract through long-term loans. The only source of long-term loans for a period of 10 to 15 years in the Russian market are loans or bond issues secured by state guarantee, written in the materials of “Rostech”. “At the moment KAMAZ has in circulation stock of series BO -01 - BO- 03 totaling RUB 7 billion.

Meanwhile, revenue of KAMAZ by IFRS in the current year will be about RUB 105 billion, said Mrs.Milinova, adding that it is lower than expected . According to her, the company forecasts the revenue by RAS at the level of RUB 110-111 billion in 2013. At the end of 2012, KAMAZ has received revenue under IFRS at the level of RUB 117.048 billion. Thus, the reduction could reach 10.3%, says the agency “Finmarket”. The company's revenue for 2012 under RAS was RUB 110.733 billion.

Tags: kamaz, investment
24.10.13 AA "AUTOSTAT"
Source: www.autostat.ru