“KAMAZ” and Marcopolo sign Agreement of intentions

On August,16 several documents were signed between JSC “KAMAZ” and Marcopolo in presence of RT President Rustam Minnikhanov in Rio de Janeiro (Brazil).

Agreement of intentions was signed by Director-general of JSC “KAMAZ” Sergei Kogogin, one of co-founders and main stakeholder of “Marcopolo” Valter Gomes Pinto, Director-general of “Marcopolo” José Rubens de la Rosa and Director-general of “PoloAvtoRus” Yuri Eduardo Caio.

Within the limits of this document parties agreed on joint investigation of possibilities and preparation of feasibility study for creation of a joint enterprise in Russia.

Parties have already agreed that in case results of feasibility study will show complete efficiency of project, a joint enterprise will be created on parity basis. The enterprise will be involved in organizing production and selling of Marcopolo buses in Russia and CIS countries on the basis of bus chassis KAMAZ which meet ecological standards “Euro-4” and higher, and comply with modern requirements for vehicles for passengers transportation.

JSC “KAMAZ” is the largest automobile corporation in Russia. Group of companies “KAMAZ” consists of 96 enterprises 13 of which are main subsidiary companies. About 59 000 people are on the staff. Brand-name service network involves Russia and CIS countries. It includes 130 dealers and 100 auto service centres. Key production of JSC “KAMAZ” is presented by lorries with total weight 14-40 tons, diesel and gas engines. “KAMAZ” automobiles are being used in 80 countries of CIS, Europe, Asia, Africa and Latin America.

Marcopolo S.A. is a Brazilian bus concern founded in 1949, one of the largest bus producers in the world with 4 plants in Brazil, other ones in Mexico, Argentina, Columbia, South Africa, Egypt, India and China. More that 14 000 people work there. Marcopolo produces all kinds of buses and exports its production to 100 countries around the world.