KrAZ (Ukrainian: Кременчуцький автомобільний завод, Kremenchutskyi Avtomobilnyi Zavod, Kremenchuk Automobile Plant, АвтоКрА́З or AvtoKrAZ) is a factory in Kremenchuk, Ukraine, that produces trucks and other special-purpose vehicles, particularly heavy-duty off-road models. The factory was incorporated as a holding company combining several other factories nationwide and becoming the industrial wing of the finance-industrial group Finance and Credit, which also held the Finance and Credit bank. On November 6th, 2022 the government of President Volodymyr Zelenskyy used martial law to nationalise the company. “Such steps, which are necessary for our country in conditions of war, are carried out in accordance with current laws and will help meet the urgent needs of our defense sector.” The government of Ukraine also took control of engine maker Motor Sich, energy companies Ukrnafta and Ukrtatnafta and transformer maker Zaporozhtransformator at the same time. More information...
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