Sinara Group: innovations are key to business

UrBC, Yekaterinburg, April 22, 2011. Introducing innovation in the production process is the basis of today’s business practices, the General Director of Sinara Group Mikhail Khodorovsky said at a press conference of Ural State University Higher School of Economics in Yekaterinburg.

‘Modernization is a big thing nowadays; one frequently speaks of importing technologies as one the ways to convert the Russian economy into intensive economic growth mode. It is obvious, however, that technology transfer is a tool for innovations rather than just a proviso of technological catching-up,’ he explained.

‘Let’s take Sinara Group and Siemens joint venture Ural Locomotives as an example. Under our modernization program, we have introduced a completely new fleet of machinery, and as a result, with the import of technologies offered by Siemens we were able to come up with a new product – an innovational electric train. Our plant uses the most advanced machine-building equipment, which allowed us to start making a new generation freight loco proudly named Sinara that is already cruising the Russian railways,’ Khodorovsky noted.