TMH has just acquired the Hungarian wagon manufacturing plant Dunakeszi Járműjavító (DJJ)
The Russian company Transmashholding (TMH) has just bought 90% of the Dunakeszi Jarmujavito (DJJ) wagon manufacturing plant.
The contract for the acquisition of the Hungarian wagon manufacturing plant Dunakeszi Járműjavító (DJJ) by Transmashholding has recently come into force.
The Hungarian company will participate in the implementation of the contract for the delivery of 1300 passenger cars to the Egyptian national railways. This contract is worth more than one billion euros. Deliveries are jointly financed by Hungarian and Russian import-export banks, and rolling stock is produced in Russia (at the Tver Carriage Works) and Hungary (at the Dunakeszi plant Járműjavító). The project receives very active support from the Russian Government, the Ministry of Industry and Trade of the Russian Federation and the specialized ministries of Egypt and Hungary.
For Transmashholding, this is one of the biggest export contracts but also a very important cooperation project with Hungary. For the first time in the history of Russian machine building, a contract for the manufacture and delivery of passenger cars for 1435 mm standard gauge railways to far abroad is being carried out. The project has a multiplier effect: on the one hand, it will give work to many suppliers of TMH and on the other hand, it will enable experience to be accumulated in the field of the production of components for railway equipment complying with European standards.
The first cars manufactured by the TVZ factory (part of Transmashholding) have already been shipped to Egypt. The first batch of cars to be manufactured in Hungary will be sent to the customer in the 4th quarter of 2020.
The cars will be manufactured in Hungary from Russian parts with the use of Hungarian components. The TVZ plant will be responsible for the technology transfer and production organization at the Hungarian TMH site.
The operating life of cars in Egypt’s climatic conditions is 40 years.
The DJJ factory was founded in 1926 and has extensive experience in producing products for the railway sector. Today the plant employs 600 people who carry out various rolling stock modernization projects, mainly for the Hungarian Railways (MAV).