Sinara Group is a Russian investment company founded in 2001 with holdings in the property development, rail transportation and financial services sectors. The company was founded in 2001, and in 2004 acquired industrial and agricultural companies. In 2006 the group merged with Металлпром. The company division ОАО Синара – Транспортные Машины (Open joint stock company 'Sinara - transport machines') was formed in 2007, and the division Синара – Девелопмент (Sinara - development) was formed in 2009. 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 Locomotive works near Ekaterinburg. In December 2021, the JV announced production of concept of "Lastochka" electric train with 200 mm low float in 2025. More information...
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