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  • Date of publication: 31 August 2020
  • 3525
  • businessbuysale.com
  • Transmashholding bought a plant in South Africa

    Synopsis

    The main markets for the company - African countries.

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Description

The main markets for the company - African countries.

 

The Transmashholding Group (TMH) completed the purchase of a DCD Rolling Stock plant in South Africa, the Russian company said on Monday, October 29. The company will be engaged in the assembly, maintenance and modernization of railway rolling stock for various purposes for the South African market and other African countries. The representative of TMH did not disclose the amount of the transaction and other conditions.

TMH Africa, representing TMH in Africa, will manage production in South Africa. It is 70% owned by TMH International AG, the international division of TMH, and 30% by the MJISA investment fund.

Diesel Locomotive Plant has a production capacity of 100-150 units per year, production area - 45 thousand square metersIn July, it was reported that South Africa had abandoned the construction of a Russian nuclear power plant due to a weakened economy.

Transmashholding is engaged in the development and manufacture of rolling stock for railways and urban transport systems. The enterprises of the company produce electric locomotives, diesel locomotives, freight and passenger cars, electric trains and subway cars.

 

vedomosti.ru