Russia's Kamaz says plans no tie-ups, borrowings

Newswire

MOSCOW, Aug 30 (Reuters) - Russia's largest heavy truckmaker Kamaz said on Wednesday it would remain independent despite active consolidation in the industry as it plans no tie-ups or large borrowings in the next few years. Kamaz's General Director Sergei Kogogin told reporters on the sidelines of a Moscow car show the company would not need new borrowings before 2009, when it will start a programme to upgrade its models. He did not say how much the programme would cost, but added that ...

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