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 Euromaidan 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 (The Breakers Investments BV). 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. In February 2021, TMH was said to acquire Bergen Engines  from Rolls-Royce, for approximately 150 million euros, but the sale was stopped by the Norwegian government due to national security concerns. 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 79,4%, Komissarov and Lipa being controlling shareholders by October 2021. The President of the company is Andrei Bokarev, the Chairman of the Board of directors is Dmitry Komissarov and company`s CEO is Kirill Lipa as of October 2021. 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. In October 2021 Transmashholding announced that a commercial launch of a new and sophisticated double-decker shuttle train is coming soon. Structure. Russia-based companies. The company structure includes several major industrial plants in Russia: Joint ventures. 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 (Engineering) Rus" and another for the manufacturing of inverter drives (based on Bombardier's MITRAC technology) used in electric locomotives: "Transmashholding Bombardier Transportation (Industrial) 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(+1)% 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 (high voltage static converters). Hungary-DJJ. TRANSMASHHOLDING acquired  the Dunakeszi Jármű Javító ( Dunakeszi Vehicle Repair Plant) in 2020 June, from the Hungarian State with joint venture partner Magyar Vagon Zrt. Its first major contract after the change of ownership is the manufacturing of 680 passenger coaches for the Egyptian National Railways (ENR) in cooperation with TMH's Tver Carriage Works. The plant also won a four-year contract in 2020 with the Hungarian State Railways to maintain and modernise 403 coaches. 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 US$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.