HUNGARIAN State Railways (MÁV) is set to
become the sole owner of Dunakeszi Jarmujavito (DJJ) rolling stock plant after
officially requesting to take ownership of a company set up by the government
in December to manage fleet maintenance activities at the site.
Russia’s Transmashholding (TMH) took a 50%
stake in DJJ in 2020, manufacturing mainline coaches for Egypt at the facility
in Dunakeszi, north of Budapest. Ganz-Mavag International, which is owned by
Hungarian investment company, Magyar Vagon, became the sole proprietor of the
facility in 2022 after TMH gave up its international assets following the
Russian invasion of Ukraine.
Ganz-Mavag International and DJJ filed for
bankruptcy in November, which prompted the government to declare the companies
as strategic assets due to the rolling stock maintenance services they provide
for MÁV.
In December, two new companies were
established by the government: Dunakeszi Rail Maintenance and Manufacturing and
Dunakeszi Vasútgépész Vagyonkezelő, an asset management company, to manage
activities at the site. On December 31 MÁV officially requested to acquire 100%
of Dunakeszi Rail Mainenance, thereby securing the jobs of its 640 staff.
MÁV owned DJJ from 1926 until 1996 when
Adtranz (later Bombardier) purchased a 39% stake in the site.
