VEB.RF to finance the export of KAMAZ and special vehicles to Uzbekistan
17/09/2020 20:45
VEB.RF to finance the export of KAMAZ and special vehicles to Uzbekistan
17/09/2020 20:45
Tashkent, Uzbekistan (UzDaily.com) -- VEB.RF and the leasing company Kamaz Asia Leasing LLC, within the framework of the state corporation’s business mission to Uzbekistan, signed a loan agreement to finance the acquisition of KAMAZ automotive and special equipment in the Republic of Uzbekistan.
The signing ceremony took place in the presence of Igor Shuvalov, Chairman of VEB.RF, and Sergei Kogogin, General Director of KAMAZ PTC. On behalf of VEB.RF, the document was signed by VEB.RF Deputy Chairman Daniil Algulian, on behalf of Kamaz Asia Leasing LLC - by General Director Feruz Ibragimov.
As part of the credit transaction, VEB.RF is expected to open a credit line with a limit of 12.5 million euros in order to finance the acquisition of about 250 units of automotive and special equipment of the KAMAZ brand, assembled at the facilities of UzAutoTRAILER LLC from Russian-made units and assemblies ... The equipment is intended for leasing to Uzbek companies.
“For Russian exporters of industrial and non-primary products, the Republic of Uzbekistan today is a key partner in Central Asia. At present, with the participation of VEB.RF, nine projects with a total value of 23 billion rubles are being implemented in the Republic, more than 10 projects with a total amount of financing of up to 365 billion rubles are planned, "Igor Shuvalov noted.
“Business relations of KAMAZ PTC with the Republic of Uzbekistan have their own long history. We hope that with the development of new projects, this valuable partnership for us will acquire new facets of development and open up new prospects for both parties, ”said Sergey Kogogin.
Kamaz Asia Leasing LLC was established in the Republic of Uzbekistan in December 2019. It is a joint specialized leasing company established on a parity basis by Kamaz Leasing Company, the Russian Federation and UzAutoTRAILER LLC, the Republic of Uzbekistan.
LLC "UzAutoTRAILER" is a subsidiary production company of JSC "Uzavtosanoat". The company specializes in the production of trucks and special vehicles, as well as completing attachments and trailers for trucks manufactured at other enterprises in the structure of Uzavtosanoat JSC.
PJSC KAMAZ was established in 1969 and is a leading manufacturer of heavy trucks and special equipment in the Russian Federation. PJSC KAMAZ controls 45% of the Russian market of heavy trucks and is one of the 20 largest manufacturers of trucks in the world. PJSC KAMAZ is included in the list of strategic organizations approved by the Government Commission for Economic Development and Integration.
Foreign Trade Company KAMAZ, Russian Federation, is a subsidiary of PJSC KAMAZ, which supplies KAMAZ vehicles and spare parts to foreign countries.
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