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Joint Venture Established By TransFin-M and Garant Rail Service to Repair Railroad Cars and Produce Spare Parts

11 November 2021

TransFin-M and the Garant Rail Service railroad car repair company have established NovoTechRail, a joint venture on a parity basis, to restore and develop the Novozybkov Machine-Building Plant (NMP).

The partners intend to launch a modern automated production line for wheelset axles (RU-1Sh and RV-2Sh) within a year. The initial annual output of 20 thousand axles will be subsequently increased to 50 thousand units. The plant is being brought back into operation now, recruitment of staff underway.

In the long term, the NMP is to expand its range of products and services. The current plans provide for the creation of a cutting-edge production complex that would be used to repair rolling stock and other machine-building equipment, as well as to manufacture spare parts and components.

Maxim Anishchenkov, CEO of TransFin-M PC, says: “Together with our partner Garant Rail Service and with the support of the Bryansk Region administration we plan to restore the repair capacity of the Novozybkov Machine-Building Plant. This will make it possible to repair our own fleet of railroad cars and to satisfy the needs of other freight rolling stock owners, as well as to attract additional investment to the region and create new jobs”.

 “We intend to open an up-to-date complex to repair freight cars and a workshop to assemble wheelsets. We also think about production of all wheelset components including production and repair of axle box units and bearings. In general, we and our partners see great potential in the development of the plant without concentrating solely on the railway direction,” says Nikolay Koshelev, CEO of Garant Rail Service.

Joint Venture Established By TransFin-M and Garant Rail Service to Repair Railroad Cars and Produce Spare Parts
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