KrAZ is a Ukrainian factory that produces trucks and other special-purpose vehicles in Kremenchuk, Ukraine; 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" that also holds the Bank Finance and Credit.
Kraz was founded on 31 August 1945 when the People's Commissariat for Transportation Routes issued a warrant to build a mechanical bridge plant in Kremenchuk. The first brick was laid in the plant foundation in 1946 and during the next 8 years it produced about 600 bridges with the total length of about 27 km for use on the Dnieper, Moscow, Dniester, Volga and Daugava rivers etc. In 1956 the plant has manufactured combine harvesters and other farming machines. The Kremenchuk Combine Plant has produced 11,000 agricultural machines in the first two years of its existence