TMH-Elektrotekh

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.

TMH-Elektrotekh (part of TMH Energy Solutions) is modernizing and expanding production facilities in Novocherkassk, Russia, with an investment of over 6 billion rubles. The project will increase output of traction motors for locomotives by 35% to 5,700 units per year and for metro trains to 2,700 units per year, creating about 500 new jobs.