RUSSIA: Škoda Transportation and Sinara Group have signed an agreement to establish a 50:50 joint venture for the production of metro trains, trams and trolleybuses. The joint venture, branded Sinara-Škoda will be headquartered in St Petersburg.
‘Russia is a huge and promising market in which we want to establish ourselves in the long term’, said Škoda Transportation President Petr Brzezina on December 17. ‘The local fleet requires a massive renewal, entailing large investments and opportunities.’
‘Through our partnership with Škoda Transportation we will create high-quality, modern vehicles’, said Sinara Transport Machines CEO Viktor Leš. ‘Our experience in development, production and service will enable us to create products that will outperform existing vehicles in terms of comfort, ergonomics, energy efficiency and environmental friendliness.’