TMH Hungary is upgrading cars for MÁV-Start at its Dunakeszi facility, according to Transmashholding's Directorate for External Relations and Corporate Communications.
Passenger transport operator MÁV-Start picked the machine-building company in Dunakeszi managed by TMH Hungary as the contractor for repairs and modernization of the fleet consisting of 403 passenger cars over a 4-year period. The total cost of the work will reach EUR 90 million.
The agreement was signed one month after TMH Hungary took up the management of the machine-building plant in Dunakeszi.
TMH Hungary is a joint venture between TMH International (a subsidiary of TMH specializing in international projects), and Magyar Vagon Zrt., a Hungarian company specializing in railway industry development projects.
TMH (Transmashholding) is a manufacturer of railway and urban rail transport in Russia and the CIS. The company offers the full range of products and services from design and development of new rolling stock to upgrades, life-cycle after-sales service contracts and digital traffic management systems. TMH is a Russian company with HQ in Moscow and international divisions in Switzerland, Hungary, South Africa, Egypt, Argentina, Belarus and Kazakhstan. The holding's structure includes 16 production and assembly sites in Russia and other countries of the world, its operations cover more than 30 countries.
