MÁV-TRAKCIÓ Railway Traction Co.

MÁV-TRAKCIÓ Railway Traction Co.

Founded on 1 January 2008, MÁV-TRAKCIÓ Railway Traction Private Company Limited by Shares provides passenger and cargo transport traction and shunting services for the rail passenger transport companies (including MÁV-START Co.), the rail cargo companies (including MÁV Cargo Co. and CER Co.), the infrastructure management companies (e.g. MÁV Co. Rail Track Division) and Záhony-Port Co.

The independent railway traction company, which was founded by MÁV Co. and MÁV-START Co. has taken over all the employees of the parent company who had worked in jobs associated with traction activities, so it now employs all the engine-drivers as well as the employees involved in the organisation, servicing and control of traction operations that had previously worked for MÁV Co.

MÁV-TRAKCIÓ Co. has a pool of some 900 vehicles that are capable of performing a diverse range of traction and shunting tasks and offers a wide range of flexible and efficient services that meet all the railway traction requirements of its partners. The tariffs of MÁV-TRAKCIÓ Co. are set for all clients in accordance with the required service levels, on a market basis.

Over the period since its foundation, MÁV-TRAKCIÓ Co. has completed all its planned tasks successfully and established the most important conditions for stable long-term operation. Today, it has all the human and technical resources it needs in order to provide competitive, flexible and customer-centred railway traction services.

History of the Company

As of 1 January 2008, MÁV Co. organised its traction operations into a separate company, MÁV-TRAKCIÓ Railway Traction Private Company Limited by Shares. The new company took over the employees of the parent company who had worked in the traction sector, a total of some 5,100 people, from 1 January 2008. MÁV-TRAKCIÓ Co. has faced a number of challenges and achieved a number of results since its foundation. The court of registration completed the company’s preliminary registration on 24 October 2007. The firm was established as an independent company on 1 January 2008.

At the members’ meeting held at the end of December 2007 a decision was made to increase the company’s equity from HUF 20 million to HUF 29.8 billion as of 1 January 2008. The subscribed capital of MÁV-TRAKCIÓ Co. was increased once more in May 2008.

MÁV-TRAKCIÓ Co. and the leaders of the trade unions concerned signed the Collective Bargaining Agreement in the middle of April 2008. In may, the company concluded a five-year framework agreement about the provision of traction services with CER Central-European Railway Transport, Trading and Service Co. Under that agreement, MÁV-TRAKCIÓ Co. shall be a strategic traction partner of CER for the next five years.

In May 2008, MÁV-TRAKCIÓ received its permit for cargo transportation and it also obtained a railway safety certificate in July. The traction company is also undergoing a transition to its own quality management system.

Mission

The mission of MÁV-TRAKCIÓ Co. is to meet the traction demand of Hungarian public rail services at the required standard of quality, at the lowest possible cost and in a flexible manner. In order to contribute to the development of the Hungarian railway sector, the traction company is open to understanding the objectives of its partners and to supporting them using its own as well as external resources. In the interest of improving the quality of public services it performs its services in a punctual and predictable fashion while it also intends to implement closer cooperation with the companies in Hungary and in neighbouring countries.

MÁV-TRAKCIÓ Co. intends to play an active role in the development of railway traffic in Hungary through the provision of reliable and modern traction and shunting services while it also wishes to establish closer cooperation with the state-held and private railway companies of Hungary and the neighbouring countries. The most important objective of the traction company is to provide modern, competitive, reliable and continuously improving services to its business partners and clients.

MÁV-TRAKCIÓ Co. intends to retain its leading role in the railway traction markets of Hungary and the neighbouring countries through meeting the traction requirements of domestic railway companies and through introducing innovative solutions.

Further Plans

MÁV-TRAKCIÓ Co. endeavours to develop its services and range of assets continuously. The most spectacular elements of that enterprise include, for instance, the introduction of organisational and technological systems based on modern IT solutions (e.g. the Integrated Traction Management System) that the company is going to introduce in the near future.

A public procurement procedure is in progress for the purchase of 25 and an additional, optional 25 modern, dual power electric locomotives. The capital expenditure project is expected to improve the quality of railway services primarily in the long-distance and international traction sectors.

The Operation of MÁV-TRAKCIÓ Co. in Figures

Contact Information

MÁV-TRAKCIÓ Railway Traction Private Company Limited by Shares

Address: 1062 Budapest, Andrássy út 73-75.
Tel: +36 (1) 511 3201
Fax: +36 (1) 511 4705
E-mail: info@mav-trakcio.hu
Web: www.mav-trakcio.hu