The FINANCIAL — Mercedes-Benz Trucks Vostok, a joint venture between German and Russian car producers Daimler AG and KAMAZ , has assembled its first Mercedes-Benz Actros 1841 LS truck at its plant in Naberezhnye Chelny, the companies said in a joint statement on October 4, according to RIA Novosti.
The FINANCIAL — Mercedes-Benz Trucks Vostok, a joint venture between German and Russian car producers Daimler AG and KAMAZ , has assembled its first Mercedes-Benz Actros 1841 LS truck at its plant in Naberezhnye Chelny, the companies said in a joint statement on October 4, according to RIA Novosti.
"This is the first time Mercedes-Benz vehicles have been produced in Russia. It shows how much we are interested in boosting our share of the Russian market," said Mercedes-Benz Trucks Vostok chief executive officer Boris Billich said.
Mercedes-Benz Trucks Vostok was established in early 2010 as a general importer of Mercedes-Benz trucks to Russia. Daimler and KAMAZ each own 50 percent of the joint venture and have each contributed 5.9 million euros to its capital.
Mercedes-Benz Actros and Axor heavy-duty trucks are assembled in Naberezhnye Chelny on the Volga, where KAMAZ manufactures its trucks. The plant's annual capacity amounts to 4,500 vehicles.
"As the market leader in Russia, our partner KAMAZ has extensive expertise and a wide-ranging sales network that will provide us with optimal conditions for successfully expanding into a market that promises to grow rapidly once the global crisis is over," head of Mercedes-Benz Trucks Hubertus Troska said.
Besides Actros and Axors, the plant will produce Mercedes-Benz Ategos and specialised Zetros and Unimog trucks, when demand is strong enough. It also plans to launch the production of restyled Axor and Atego trucks as early as 2011.
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