SEOUL, July 28 (Korea Bizwire) — Hyundai Rotem Co., South Korea’s sole tank manufacturer, said Thursday it has signed an initial deal to export 1,000 units of the K2 tank to Poland. Hyundai Rotem is in talks with the Polish government to finalize the details of the deal, including the production site and the time [...]
SEOUL, April 8 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, plans to join hands with a domestic robot platform company to develop a multi-legged defense robot that can perform counter-terrorism missions. The company said Thursday it had signed a memorandum of understanding with Rainbow Robotics to promote [...]
SEOUL, Nov. 16 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Tuesday it has obtained a 207.8 billion won (US$176 million) railway project in Taiwan. Hyundai Rotem formed a consortium with Taiwan’s ST Engineering Electronic Ltd. to receive the deal from the Kaohsiung Mass Rapid Transit Bureau, [...]
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 [...]
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 [...]
SEOUL, July 28 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Tuesday it will build a hydrogen reformer plant as part of its diversification strategy. Hyundai Rotem will establish a hydrogen reformer production facility at its research and development complex in Uiwang, just south of Seoul, with [...]
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 [...]
SEOUL, Jun. 10 (Korea Bizwire) — Hyundai Rotem Co., South Korea’s leading railway system and plant equipment maker, said Monday it will work with Hyundai Motor Co. to develop a hydrogen-powered train by 2020. Hyundai Rotem and Hyundai Motor are both affiliates of the country’s top automaker, Hyundai Motor Group. Under the partnership, Hyundai Motor [...]
SEOUL, Nov. 22 (Korea Bizwire) — Hyundai Rotem Co., the train manufacturing affiliate of Hyundai Motor Group, said Wednesday it has won a 65 billion won (US$60 million) maintenance order for 90 subway trains in Ukraine. On Tuesday, Hyundai Rotem signed the deal with Ukraine Railway Speed Company (URSC) to extend its maintenance and repair [...]
SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Rotem Co., a machinery unit of Hyundai Motor Group, has won an order for subway cars in India worth 177.1 billion won (US$159 million), paving the way for a greater presence in the rapidly growing economy, the company said Tuesday. Hyundai Rotem will build unmanned rolling stock amounting [...]