other train heavy machinery. Alstom Stake In November 2012, Alstom purchased a blocking stake in TMH for $422 million U.S. dollars. Alstom is a France-based engineering company serving the power generation and rail transportation industries. Skolhovo Foundation On 16 November, Skolhovo Foundation and Transmashholding signed a memorandum of understanding. The two organizations will cooperate on issues of innovative research and development. Zheldorremmash Stake In February 2012, RBC Daily reported that Transmashholding—through its subsidiary TMH Service—purchased 75 percent holdings in Zheldorremmash, a subsidiary of OJSC Russian Railways. Zheldorremmash is considered a major player in the locomotive repair industry. Ural Mining and Metallurgical Company Krasnobrodskaya-Koksovaya In 2011, RusBusinessNews reported that UMMC had commissioned a new coal processing factory. The factory is known as Krasnobrodskaya-Koksovaya. UMMC invested 3.3 billion rubles into the project. According to the article, the factory will process 3 million tons of coal each year. Tyumen Steel Mill In July 2012, Metal Mining Wire reported that UMMC had planned to build and run a new steel mill in the Tyumen region of Russia. The mill would cost $675 million. According to the article, UMMC expects the new mill to produce 540,000 metric tons of steel per year. Wendy's In August 2011, the first Wendy's restaurant opened in Russia. The Wenrus Restaurant Group operates the Wendy's chain in Russia. Wendy's/Arby's International and Wenrus are planning to develop 180 restaurants over the next 10 years in Russia. Each restaurant will contain a Wendy's and Arby's. The Wenrus Restaurant Group is an affiliate of Food Service Capital. Food Service Capital's businesses include: Arpikom, a company that owns and operates restaurants under the brands Goodman Steak House, Filimonova and Yankel, Kolbasoff and Mama's Pasta) Komfis, a catering company Legion and Yedinaya Set Pitania, a food delivery service Makhmudov owns Food Service Capital, along with Mikhail Zelman and their business partners. Investment and growth Hyatt Hotels In June 2014, Makhmudov closed a deal with Hyatt Hotels to build a luxury apartment hotel in Yekaterinburg, Russia. Makhmudov and his business partner Andrei Kozitsyn met with the two head executives from Hyatt Hotels in Yekaterinburg to discuss the project. According to Russian news sources, Ural Mining and Metallurgical Company (UMMC) and Hyatt Hotels Corporation have already agreed to build the hotel. A subsidiary of UMMC is currently constructing a building called the Iset Tower. If the UMMC-Hyatt deal is finalized, Hyatt will use the top six floors