The 45,000m2 plant, TMH’s first in Africa, will be used for the assembly, maintenance and modernisation of rolling stock. TMH says it expects the facility to attract work not only from South Africa, but other African countries as well.
The facility will be managed by TMH Africa, which is 70% owned by TMH International and 30% by the investment fund MJISA, a Black Economic Empowerment partner.
“We were looking forward to closing this deal - an important stage in the implementation of our investment strategy for creating ‘local champions’ in promising international markets,” says TMH International CEO, Mr Martan Vojour. “Specialising in narrow-gauge rolling stock, the plant will serve international customers and partners of the holding.”