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.

Read More: http://www.engineeringnews.co.za/article/tmh-invests-r500m-into-south-african-rail-manufacturing-facility-2018-06-13

Published: .

Search for other references to "invests" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us