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TMH-Electrotech in Novocherkassk, Russia, has begun production of four new types of asynchronous traction electric motors for modern electric trains, metro cars, shunting locomotives and electric locomotives. Total investment in the project is 6.7 billion rubles, creating 481 jobs.
OOO TMH-Electrotech, a Novocherkassk-based electric motor manufacturer, will invest RUB 5.2 billion in loans from the Industrial Development Fund to increase production of asynchronous traction electric motors for mainline locomotives by 35% to 5,700 units per year, and develop a new line of traction electric motors for electric trains and metro cars to 2,700 units per year, by 2025.
| Site | Largest | Latest |
|---|---|---|
| Novocherkassk, Russia | $72.0M | 2022-12-27 |