# TMH-Elektrotekh increases 2024 investment program to RUB 3.4B

TMH-Elektrotekh, part of Transmashholding, will invest RUB 3.4 billion in 2024, an 80% increase from 2023, focusing on expanding production of electric machines for locomotives, metro, and railcars. The full launch of new production is planned for 2025.

- Type: Investment
- Announced: 2024-02-19
- Where: Novocherkassk, Russia
- Value: $37.4M (3.40B RUB)
- Starts operating: 2025
- Status: under construction
- Capacity: 5,700 traction electric motors for locomotives and 2,700 traction electric motors for electric trains and metro cars per year
- Products: traction electric motors, auxiliary electric motors, generators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [TMH-Elektrotekh](https://endata.com/companies/71249.md)
- [Transmashholding](https://endata.com/companies/29009.md) (partner)

## Sources

- [rostov.rbc.ru](https://rostov.rbc.ru/rostov/freenews/65d2f7469a79476c2b32daf1), 2024-02-19: "«Основное внимание будет уделяться реализации на предприятии двух масштабных проектов по развитию производства электрических машин для локомотивов, метро и моторвагонного подвижного состава при финансовой поддержке Фонда развития промышленности»"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.