Business news from Ukraine


23 November , 2015  

KYIV. Nov 23 (Interfax-Ukraine) – Public joint-stock company AvtoKrAZ (Kremenchuk, Poltava region), the only Ukrainian producer of heavy trucks, plans to invest at least $10 million in expanding the number of its truck models and improving their quality in 2016, using its own working capital.

“This year we’ve invested at least $10 million in this direction, and next year we plan at least for the same investment,” AvtoKrAZ Director General Roman Cherniak said in an interview with Interfax-Ukraine.

He said that next year the company will present several new models, including military and civil vehicles.

“[We will present] a 4×4 wheat low-tonnage truck with a carrying capacity from three to five tonnes: the design documents are being drawn up, and spare parts and elements are being selected,” he said.

He said that by the end of this year AvtoKrAZ plans to present an 8×4 wheel cab-over-engine dump truck which can be used for construction and transportation of crushed stone.

A 4×2 wheel dump truck will also be presented.

Cherniak said that the desire of the company to invest in the permanent improvement of its trucks is linked to plans to expand its presences in foreign markets.

“We’re trying to enter the European markets, as these are science-based markets, compared to our market, and they carry out researches and we want to be part of this,” he said.

AvtoKrAZ makes 33 basic vehicle models, and more than 260 modifications and trim levels for civilian and military vehicles.