Sinara Group is a Russian investment company founded in 2001 with holdings in the property development, rail transportation and financial services sectors.[2] In 2021, Sinara Group had a turnover of US$1.8 billion.[3]
History
The company was founded in 2001, and in 2004 acquired industrial and agricultural companies. In 2006 the group merged with Metallprom. The company division Sinara Transport Machines was formed in 2007, and the division Sinara Development was formed in 2009.[4]
In 2009 Sinara Group and Siemens created a joint venture for the production of twin unit electric locomotive to be based at Sinara's Ural Locomotives near Yekaterinburg.[5] In December 2021, the JV announced production of concept of