TMH invests R500m into South African rail manufacturing facility

World News: . []

As part of its international growth strategy, Russian rolling stock manufacturer Transmashholding (TMH) on Wednesday launched its R500-million investment in a South African manufacturing facility through its newly acquired subsidiary, TMH Africa. TMH Africa, which is 70% owned by TMH and 30% owned by empowerment partner Mjisa Investments, has acquired railing contractor DCD Rolling Stock and will modernise and develop the 45 000 m2 manufacturing facility, in Boksburg, that was formerly owned by DCD.

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