Sinara Group, CRRC to Set up JV

28 June 2016 (13:20)

UrBC, Yekaterinburg, June 28, 2016. Sinara Group, Russian Railways, China Railway and the Chinese company CRRC signed an agreement to set up a joint venture in Russia that would specialize in making high-speed trains (over 300 km/h), the Group’s press service reports.

The agreement states that the four parties would consolidate their efforts in finding orders for at least a hundred high-speed trains. The goal is to create a localized production plant and to offer lifetime after-sale services in Russia as well.

The Group is in charge of organizing production, while CRRC will be responsible for design, quality control, licensing, and tech support.

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