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TMH steel works in Bezhitsa sold to Concern Tractor Plants

18 June 2024
Reading time ~ 2 min
Production at the ex-TMH steel works in Bezhitsa
Production at the ex-TMH steel works in Bezhitsa. Source: TMH
Belov Sergey, Editor-in-Chief, ROLLINGSTOCK Agency
Reading time ~ 2 min
Savenkova Ekaterina, Editorial Contributor to International Projects of ROLLINGSTOCK Agency

Russia: This has been announced by Aleksandr Bogomaz, governor of the Bryansk region, following his meeting with Andrey Vodopyanov, CEO of Concern Tractor Plants (CTP), during the St. Petersburg International Economic Forum. TMH’s press office has confirmed the information to ROLLINGSTOCK.

“The works will continue supplying its products to the rail industry, with an anticipated 12.5% increase in 2024”, as Mr. Bogomaz said. Earlier, the company reported that it had cast 45,000 t of rolling stock products in 2023. This resulted in revenue of almost RUB 9 bln ($101.4 mln), which was a 9% increase on 2022, and a net loss of RUB 77 mln ($0.9 mln), which was four times less than in 2022. TMH’s financial statements indicate that the casting contributed 1.4% of revenues.

The TMH steel works in Bezhitsa is a significant Russian supplier of castings for freight cars. Following modernisation, the company is now capable of casting 60,000 t of over 300 types of products per year. This is not a limit, as the company is working on increasing its production capacity to 120,000 t and expanding the range of products. The Bezhitsa steel works is engaged in intra-holding collaboration, supplying casting products for locomotives of the TMH plants in Bryansk and Novocherkassk and EMUs of the TMH plant in Demikhovo.

CTP is encompassed by the Kanash Car-Building Plant and another major rail car casting works, Promlit. In 2023, the former built 4,800 cars, representing a 42% increase compared to 2022. This places it as the sixth largest foundry in the country. The complex rating by the analysts of the ROLLINGSTOCK Agency also ranks it sixth in terms of market position and product line diversification. One of its most recent innovations is a six-axle 13-9580 container flatcar with a design speed of 140 km/h.

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