OREANDA-NEWS. August 16, 2007. In the first six months of 2007, CJSC Transmashholding, the largest railway engineering producer, had a 31% increase in sales of products and services year-on-year. The volume is over US$1.2 bln.

The growth was recorded in all main activities of the holding.

The main line electric locomotives’ sales rose by 35% (from 71 to 96 units), industrial electric locomotives by 375% (from 4 to 19 units), and main line diesel locomotives by 440% (from 5 to 27 units).

The sales of passenger coaches and that of electric train cars rose by 20% (from 371 to 445 units and from 241 to 290 units, respectively); metro cars had a 16% increase (from 97 to 112 units).

Freight cars’ sales had a 22% growth (from 794 in the first six months of 2006 to 967).

The passenger rolling stock repairs had an 18% increase to total US$19.1 mln (the figure for the first six months of 2006 was US$16.2 mln).

Transmashholding concluded a number of important agreements in the first six moths of 2007. In May, a number of agreements with Bombardier Transportation were signed. The agreements imply establishment of two joint ventures in Russia: an Engineering centre for development of new up-to-date components, equipment, technical and technological solutions for railway equipment and a joint venture for production of traction converters based on sophisticated technologies.

Within the same period, CJSC Transmashholding signed four contracts with JSC Russian Railways for development and production of a few completely new models of electric locomotives. The agreements signed imply development, production and shipment of over 800 new main line electric locomotives to RZD before 2015.