 The company also reduced its long-term liabilities by 39 percent.In November 2012, Anatomy Ledovskikh, the former head of Russian's Federal Agency for Subsoil Use, was elected chairman of the board at Transmashholding, one of the companies owned by Iskander Makhmudov.Transmashholding produces locomotives, freight cars, passenger cars, electrain train cars, and other train heavy machinery.