Sinara Group moves up in Forbes rating

September 30, 2014. Sinara Group is now in the 96th place in the Forbes rating of Russia’s largest privately owned companies, the company’s PR Center reports.

The magazine’s analysts ranked Russia’s non-state economic sector and created a rating of 200 companies with less than 50% of state-owned or internationally owned authorized capital. A company’s position in the rating is based on its revenues in 2013.

Forbes analysts say that the list of businesses has remained virtually the same as last year: only 16 companies had to give room to stronger competitors.

‘The rating of non-listed companies (there are 140 of them on the list) is slightly better than that of the listed ones as usual. The listed companies’ consolidated revenues reached 14.1 trillion RUR, which is only 3.4% higher than in the previous period, while the non-listed companies’ revenues (9.8 trillion RUR) went up by 4.6%,’ the magazine says.

Sinara Group’s revenues rose by 7% in 2013 against 2012. Last year was the one of machine-building division growth for the company. Thanks to a structural reorganization of Sinara Transport Machines, STM Service winning Russian Railways’ contract for rolling stock maintenance, and the launch of Lastochka electric trains at Ural Locomotives, the Group’s member enterprises managed to implement their large-scale investment programs and created plenty of new jobs.

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