# TMH-Elektrotech to invest RUB 4B in expanding electric motor production in Novocherkassk

TMH-Elektrotech, part of TMH-Energy Solutions, plans to invest about 4 billion rubles to expand production of electric traction motors for locomotives in Novocherkassk, Rostov region. The modernization is expected to be completed in 2025, creating about 270 new jobs and increasing output to 5,700 traction motors and 23,000 asynchronous traction motors per year.

- Type: Expansion
- Announced: 2024-07-09
- Where: Novocherkassk, Rostov region, Russia
- Value: $44.0M (4.00B RUB)
- Jobs: 270
- Starts operating: 2025
- Status: announced
- Capacity: 5,700 traction motors and 23,000 asynchronous traction motors per year
- Products: traction electric motors for locomotives, asynchronous traction electric motors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [TMH-Elektrotech](https://endata.com/companies/78505.md)
- [TMH Energy Solutions](https://endata.com/companies/71250.md) (partner)

## Sources

- [mintrans.gov.ru](https://mintrans.gov.ru/press-center/branch-news/4376), 2024-07-09: "The volume of investments will be about 4 billion rubles. The company plans to fully complete the modernization next year, thanks to which about 270 new jobs will be created in Novocherkassk."

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