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.
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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