Kamaz Sells Steel Rim Business to Mefro Wheels

NABEREZHNYE CHELNY, Russia - OAO Kamaz, Russia`s largest producer of heavy trucks, has sold its steel rim manufacturer subsidiary OOO Kamazavtotekhnika, located in the town of Zainsk, Republic of Tatarstan, to Germany-based Mefro Wheels GmbH. No price has been disclosed for the deal.

Most of employees of Kamazavtotekhnika will be taken over by Mefro’s newlyy created subsidiary Mefro Wheels Russia. Workers aren’t engaged in wheel production will be transferred to Kamaz’s other plants.

Mefro Wheels is a 100 % private company group led by the Fischbacher family. Beside its three plants in Germany, the group also has facilities in France, Turkey and Argentina.