TMH-Elektrotech

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.