Trains for Europe

TMH has grown and wants to expand in the shadow of large manufacturers. A former Siemens manager is supposed to establish the Russian company internationally.

A TMH locomotive

Dhe European rail industry is constantly causing a stir: with the merger of Siemens and Alstom prevented by the EU Commission, for example, and the recently authorized takeover of Bombardier by Alstom, but also with the growth history of the Swiss company Stadler. All are in global competition, especially with the Chinese market leader CRRC. In normal times, the industry would meet in Berlin at Innotrans, but the fair has been postponed to April 2021, currently exhibitors are only presenting a foretaste of it online. In normal times, a railway manufacturer would also have shown itself at the meeting that has grown strongly in the shadow of the big players in recent years: the Russian Transmashholding (TMH) – with a turnover of 5.9 billion euros in 2019 and a good 100,000 employees, it is now the number six in the world. The Moscow-based company generates around 3.3 billion euros from the sale of locomotives and trains, the rest from service and maintenance.

TMH is still heavily focused on the huge domestic market, the most important customer for the vehicles is still the Russian state railways, and 15,000 Russian locomotives are serviced every day. A “very profitable” service contract that runs for more than 40 years ensures planning security, as it is called. TMH is now looking at Europe. The expansion is taken care of by someone who is no stranger to the industry: Hans Schabert, a good decade ago head of the Siemens rail division and head of the locomotive manufacturer Vossloh from 2014 to 2017.