Transmashholding: Equal among Leaders

The railway engineering market is among the world's oldest and most advanced ones. Russia has always held a strong position on it, meeting its own needs for rolling stock. The last few decades have been probably the most dramatic and toughest ones in the entire history of the Russian railway engineering. The economic crisis of the 1990s resulted in a drop in cargo and passenger transportation in the country, followed by a dramatic reduction in demand for new railway machinery. The Russian Ministry of Railways (now JSC Russian Railways) - the main customer of the railway equipment manufacturing plants - kept the industry enterprises virtually on a starvation diet for an entire decade. This caused numerous bankruptcies and put the industry on the verge of collapse.