Russian truck manufacturer KAMAZ and German ZF Friedrichshafen AG will launch a joint venture to produce automobile components the Volga republic of Tatarstan on Wednesday, Nov. 23, the Russian companyâ€™s press service said, quoted by RIA Novosti.
ZF Friedrichshafen and KAMAZ own 51 percent and 49 percent respectively in the joint venture named ZF-Kama The enterprise is expected to produce up to 10,000 gearboxes a year, and to manufacture axles and transfer boxes in the future. The companies also plan to begin joint production of clutch mechanisms and reduction units for ZF 4×4 vehicles.
The venture will be based in Naberezhnye Chelny, which is about 450 miles east of Moscow. It is Tatarstanâ€™s second largest city and home to the KAMAZ works, one of the worldâ€™s largest heavy-duty truck plants.
ZF Friedrichshafen AG is one of the worlds leading suppliers in the automotive industry. With turnover of 8.9 billion euros in 2003, the company was rated the third largest German supplier. In 2004, its turnover reached 9.9 billion euros.
KAMAZ industrial association was established in 1969 and produced its first heavy-duty truck in 1976. Within 29 years of its existence the company assembled over 1.7 million heavy-duty trucks and 2.3 million engines. KAMAZ Inc. manufactures a wide range of heavy-duty dump trucks (more than 30 models and about 400 modifications trucks with a right-side steering wheel), buses, trailers, castings, forgings, tools and many others.