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Hyundai Rotem Wins 755.7 bln-won Train Car Order in Egypt

Hyundai Rotem Wins 755.7 bln-won Train Car Order in Egypt

SEOUL, Aug. 25 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Thursday it has received a 755.7 billion-won (US$560 million) order for subway train cars in Egypt. Under the deal signed with Egypt’s National Authority for Tunnels (NAT), Hyundai Rotem will supply subway train cars for the [...]

Hyundai Rotem Gears Up to Develop Multi-legged Anti-terror Robot

Hyundai Rotem Gears Up to Develop Multi-legged Anti-terror Robot

SEOUL, Aug. 12 (Korea Bizwire) — Hyundai Rotem Co., a tank and train-making affiliate of Hyundai Motor Group, has clinched an order for the development of a multi-legged robot for military use for the first time in South Korea. The company announced on Thursday that it signed an agreement with the Defense Industry Technology Center [...]

Hyundai Motor Considering Selling Railway Biz Unit

Hyundai Motor Considering Selling Railway Biz Unit

SEOUL, April 20 (Korea Bizwire) — Hyundai Motor Group, South Korea’s largest automotive conglomerate, is mulling the sale of its railway business affiliate, industry sources said Tuesday. The group is considering selling Hyundai Rotem Co.’s loss-making railway business, according to the sources. Hyundai Motor Co., the group’s crown jewel, is the largest shareholder in Hyundai [...]

Hyundai Rotem Train Enters Service in Taiwan

Hyundai Rotem Train Enters Service in Taiwan

SEOUL, April 5 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said its electric trains exported to Taiwan, designed for circular lines, will begin operations Tuesday connecting Keelung and Miaoli stations. The company won a 909 billion won (US$807 million) order from Taiwan to produce 520 electric locomotives [...]

Hyundai Rotem Looks to Hydrogen Equipment for New Growth

Hyundai Rotem Looks to Hydrogen Equipment for New Growth

SEOUL, June 10 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Wednesday it will venture into the hydrogen infrastructure market to secure a new growth driver. Hyundai Rotem plans to supply hydrogen-charging facilities after completing the technology transfer of hydrogen reformers, equipment that extracts hydrogen from natural [...]