Transmashholding plans to up sales 18.3% in 2012
MOSCOW. April 5 (Interfax) - Transmashholding (TMH) plans to increase sales 18.3% in 2012 to 125.7 billion rubles, a TMH corporate publication shows.
TMH investment in re-equipment and R&D is expected to grow by around 65% to 14 billion rubles. The company will boost its employee numbers by 10% to 58,700.
The company has plans to increase production of main line electric trains - 10.2% (to 455 sections), main line locomitives - 21.1% (to 184 sections), rail buses - 60.5% (to 61 sections), metro cars - 73.5% (to 595), freight wagons - 24.7% (to 5,800) and rail car casting - 27.1% (to 68,100 tonnes).
Production will go down 39.4% for industrial electric trains (to 20 sections), 39.7% for shunting locomotives (76), 33.4% for passenger railcars (to 437), and 1.6% for ship and diesel engines and diesel generators (to 598).
TMH, Russia's largest producer of rolling stock for railways and subways, has plants in St. Petersburg, Bryansk, Penza, and the Moscow, Rostov and Tver regions. RZD and France's Alstom each own 25% plus one share in the company, and the remaining shares are owned by businessmen Iskander Makhmudov and Andrei Bokarev, as well as divisions of Transgroup.