Ruzhimmash

JSC "Russian Transport Engineering Corporation" (JSC "RCTM") is an industrial holding of transport engineering, created on the basis of intensively developing enterprises of the carriage building complex of JSC "Car Building Company of Mordovia" (VKM Group).

Production enterprises are managed by a management company formed on August 4, 2010. Currently, LLC "Management Company of the RCTM Holding" unites OJSC "Ruzhimmash," LLC "VKM-STEEL," OJSC "Bismut," OJSC "Neon," LLC "VKM-Service," LLC "VKM-Engineering."

Production

Currently, the plant produces railway tanks, gondola cars, platforms, container tanks, equipment for automobile gas filling stations, shutoff valves, various equipment for the oil and gas production and processing industry, agricultural equipment (sprayers and pickers).

Performance indicators

2024: Revenue growth 1.5 times to ₽75,87 billion

The revenue of one of the largest Russian manufacturers of wagons JSC Ruzhimmash in 2024 increased 1.5 times and reached ₽75,87 billion. Such data are contained in the company's annual report, published on March 10, 2025. The growth of indicators is associated with an increase in production volumes and the expansion of the rolling stock line.

According to Finmarket, Ruzhimmash's net profit grew even more significantly - 1.8 times, amounting to ₽8,454 billion. The company also showed an increase in gross profit by 1.9 times to ₽14,2 billion, and profit from sales increased in the same way - also by 1.9 times, reaching ₽11,5 billion.

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Фото: Freepik

Significant financial successes allowed the company to pay interim dividends twice during 2024. According to the results of the first half of the year, dividends were accrued in the amount of ₽6,05 billion at the rate of ₽92,1 thousand per share. For 9 months, shareholders received another ₽5,04 billion, which amounted to ₽76,7 thousand per share. The majority shareholder of the company - RM Rail Holding JSC, which owns 99.31% of the shares with a total face value of ₽48,275 million, received a total of ₽11 billion dividends.

The growth of financial indicators was accompanied by an increase in production capacity. According to the annual report of the Association of Car Builders Union, in 2024 Ruzhimmash produced 12.6 thousand cars, which is 18.5% more than in 2023, when 10.631 thousand units of rolling stock were produced.

Interestingly, the company initially planned more modest indicators. At the beginning of 2024, Ruzhimmash predicted the production of 11.25 thousand units of rolling stock, which corresponded to an increase of only 5.8% on an annualized basis. However, in December 2024, RM Rail management adjusted expectations, announcing a planned 18% increase in freight car production compared to the previous year. The actual results even exceeded that revised forecast.^[1]

History

The plant began its work on February 21, 1961. Then, in 1992, a reorganization took place, as a result of which OJSC Ruzhimmash was created. In 2003, the Car Building Company of Mordovia (VKM) was organized on the basis of the OJSC, and in 2007, the Russian Transport Engineering Corporation (RCTM) was created on its basis. In 2011, the plant of OJSC Ruzhimmash turned 50 years old; the anniversary date coincided with the release of the 50,000th carriage.

CEOs

In the entire history of the Ruzhimmash plant, the following famous people participated:

• Leonid Sergeevich Larin (first director) (1959)
• Fedor Mikhailovich Burko
• Nikolai Fedorovich Shadchnev
• Julius Fillimonovich Surdolenko
• Nikolay Vasilyevich Burmistrov, General Director (1992-2010).