Texmaco establishes freight car joint venture with Slovak Co

In an FDI (foreign direct investment) push for the state, leading wagon maker Texmaco, the engineering company of the adventz group, is forming a joint venture with Slovakia’s Rs firm Nymburk to build a state-of-the-art freight wagon production unit here. Nymburk is part of Slovak conglomerate AZC Orbis with a volume of INR 40,000 crore.

Texmaco Rail & Engineering Vice Chairman Indrajit Mookerjee told TOI that it is forming a 50:50 JV with Nymburk and the proposed name would be Texmaco Nymburk Rail Infra.

In drafting the project, Mookerjee indicated that it would set up the project in Sodepur, where the company has 35 acres of land. “We will manufacture freight cars and various railway components,” he added. The railway freight wagon is in high demand among companies under the wagon investment program.

There is also demand from the railways. “This would add value to Texmaco,” he added.

The total investment in the project will be around INR 350 crore. “There will also be an FDI component because Nymburk would also invest in the JV,” he added.

According to him, the project would employ 600 people, which would increase to 1,000 in the near future.

“We plan to start production at our new factory in Sodepur from early next year,” he added.

Texmaco has production facilities in Agarpara, Belgharia, Raipur and Panihati.

Robert Spisak, chairman of AZC Orbis, Nymburk’s holding company, said it will mark the company’s entry into logistics in India. AZC is a conglomerate with presence in biofuel, agriculture, logistics, consumer products (alcoholic and non-alcoholic beverages), pharmaceuticals, fertilizers and waste recycling. “India is a cheap production location, so we would like to use the production facility here for export to Europe.

There is huge export potential for this product,” he added.

Texmaco Rail & Engineering recently won the tender for a construction and renovation project in Rwanda. In addition to freight cars, it is engaged in the manufacture of rail vehicles such as wagons, coaches, EMUs, locomotives and parts, hydromechanical equipment, steel castings, rail EPC, bridges and other steel structures. Over the years, the company has entered into technical collaborations with multinationals in Japan, USA, UK, Germany, Australia, Austria and the Netherlands to develop and expand its product portfolio.

Related Articles

Back to top button

Subscribe To Our Newsletter

Don't miss new updates on your email