Foreign partners to continue investing into joint enterprise on producing farming machines on the basis of JSC “KAMAZ” in 2011

Issues of further development of farming machines production on the basis of JSC “KAMAZ” have been discussed at the meeting between RT President Rustam Minnikhanov and Head of delegations of CNH International SA and New Holland AG Eguipment, Chief Executive Franco Fusignani.

The meeting was held in House of RT Government.

We remind that a joint enterprise with participation of JSC “KAMAZ” and Case New Holland (subsidiary of auto concern Fiat) on producing farming machines and construction machinery was founded in October 2009.

By words of Rustam Minnikhanov, the enterprise is working successfully today, its production is in-demand and competitive at Russian market. RT President positively estimated partnership of JSC “KAMAZ” and New Holland. Both parties meet commitments within the limits of joint project.

Director General of JSC “KAMAZ” Sergey Kogogin reminded that creation of the joint enterprise was initiated by Rustam Minnikhanov. Results of its activity prove that this production is competitive and has its place at Russian market.

Head of delegations of CNH International SA and New Holland AG Eguipment, Chief Executive Franco Fusignani says he is satisfied with development of partnership with JSC “KAMAZ”.

Sergey Kogogin and Franco Fusignani discussed issues of producing newly modified tractors. They also exchanged opinions regarding planned production volumes for 2011 and providing RT agricultural enterprises with machinery.