Tognum and Transmashholding form diesel engine joint venture
20 June 2011
Tognum and Russia’s Transmashholding (TMH) signed an agreement to set up a joint venture in Russia for the development and production of diesel engines. Engines of MTU’s current Series 4000 are to be assembled for locomotives, mining vehicles and distributed energy systems commencing in 2013 in a jointly run plant in Kolomna, south of Moscow.
The first engines for Russia to be marketed jointly will come from the Tognum production facilities in Friedrichshafen. Commencing in 2013, engines assembled, tested and painted in Russia are to be launched on the market.
In the medium term, the partners plan to manufacture a new engine—also intended for marine applications—designed specifically for the needs of Russia as well as of other Eastern European and Asian countries. The medium-term goal is to manufacture up to 1,000 engines a year in Kolomna.
The joint venture company with registered office in the Netherlands will operate as Tognum Transmashholding B.V. and will be owned by the partners on a 50/50 basis. A fully owned subsidiary of Tognum Transmashholding, Tognum-TMH Diesel Technologies, will be responsible for sales and also the production of engines at a later date.
TMH manufactures electric and diesel locomotives, electric multiple units (EMU) and diesel multiple units (DMU), freight and passenger cars, metro cars and diesel engines. In 2010 the company generated revenues of €2.2 billion.