Transmashholding


CJSC Transmashholding is the largest manufacturer of locomotives and rail equipment in Russia and after merging with LocoTech service the fourth largest engineering company in the field of transport technology globally.
The company includes 14 engineering and production sites in Russia and one production and engineering site in Germany as well as investments in Argentina.

History

CJSC Transmashholding was established in 2002.
In 2012, Transmashholding took in 130 billion rubles in revenue. This revenue represents a 22 percent increase over 2011 revenues. Due to the 2014 Russian military intervention in Ukraine Transmashholding was put on a sanctions list by the Ukrainian government.
In Dec 2015 RZD approved the sale of its 25%+1 share in the company. Alstom's stake in the company was increased to 33% by end of 2015.
In December 2017, the company paid USD 3 million for the concession and refurbishment of the Mechita workshops in Bragado. Argentina. The site is part of a planned USD 200 million investment by the company in the country to produce parts for the railway industry and rolling stock if it is successful in bidding in SOFSE's large tender offers.

Ownership

In 2018 Transmashholding was 100% owned by Breakers Investments B.V, a holding registered under Dutch law. Alstom owns 20% in this structure, while companies owned by Iskander Makhmudov, Andrei Bokarev, Dmitry Komissarov and Kirill Lipa, accounted for about 80%.
The President of the company is Andrei Bokarev and the current Chairman of the Board, as of November 2012, is Anatoly Ledovskikh. Mr. Ledovskikh is the former head of the Russian government agency Federal Agency for Subsoil Use, also known as Rosnedra.

Activities

The company actively works with JSC Russian Railways, the Ministry of Transportation of the Russian Federation, and other Russian Federation ministries, including Ministry of Industry and Power, Ministry of Economic Development and Trade, and Ministry of Finance.
Russian Railways is the company’s biggest customer. The company manufactures and sells subway cars, passenger diesel locomotives, diesel engines, freight cars, flat cars, and diesel trains. Transmashholding has major customers in Bulgaria, Belarus, Egypt, Kazakhstan, Serbia, and formerly Ukraine.

Products

Transmasholding manufactures diesel-locomotive shunters, main-line and electric industrial locomotives, passenger and freight cars, electric train cars, locomotive and marine diesels, car castings and other products. The company has provided railcars to Warsaw Metro and Baku Metro, among others.

Structure

Russia-based companies

The company structure includes several major industrial plants in Russia:

Bombardier transportation

On 25 May 2007, in Sochi, Russia, Bombardier and Transmasholding signed an agreement to jointly establish an engineering center.
In May 2008, Bombardier and TMH signed an agreement to form a joint company for the production of locomotives. The equal share companies were organised under the previously formed Bombardier Transportation Transmashholding AG, one as an engineering design centre: Transmashholding Bombardier Transportation Rus and another for the manufacturing of inverter drives used in electric locomotives: Transmashholding Bombardier Transportation Rus.

Knorr-Bremse

In April 2007, Transmashholding and Knorr-Bremse agreed to create a Russian joint venture to manufacture, sell and service rail vehicle braking systems in Russia and the Commonwealth of Independent States.

Alstom

In December 2007, Alstom and Transmasholding signed a cooperation agreement that would lead to the formation of joint ventures for the production of railway components in Russia. In October 2008 the partnership was further extended by the formation of a 51:49 joint venture for the production of double decker coaches TMH-Alstom DV. This intent was ratified on 31 March 2009, with Alstom providing ongoing technical expertise for the modernisation of TMH's production sites, and the development of new locomotive platforms; with TMH undertaking more than 75% of the manufacturing. At the same time Alstom took a 25% stake in TMH's capital holding company.
In April 2013, Alstom and Transmashholding inaugurated a joint production site intended to asynchronous traction motors for electric locomotives in Novocherkassk, that would later be used to equip the locomotives jointly developed and manufactured by Alstom and TMH for Russia and Kazakhstan. The inauguration ceremony was held in the presence of Russian Railways Senior Vice-President Valentin Gapanovich, TMH Managing Director Andrey Andreev, and Alstom Transport President, Henri Poupart-Lafarge.
By late 2015 Alstom had increased its shareholding in Transmashholding by 8% from 25 to 33% for €54 million.

Siemens

Transconverter was formed as a joint venture with Siemens in April 2005 for the production of electrical equipment.

TMH-Argentina

The company's subsidiary in Argentina is based in Vicente López, Buenos Aires and serves Argentina as well as other countries in South America. Its activities include the manufacture of several components, including diesel engines, as well as the repair and modernisation of railway infrastructure and rolling stock. It is a joint venture with Trenes Argentinos Infraestructura.
In May 2018, the company took hold of the Mechita workshops in Bragado following a $3 million investment for the refurbishment of the site. The company was also awarded a contract to refurbish the San Martin Line's carriages and CSR SDD7 locomotives at Mechita and announced plans to invest $70 million over the next 5 years and potentially $170 million over the next 10 in order to produce and repair rolling stock at the plant in exchange for a 30-year concession.

Former subsidiaries