SEOUL, May 2 (Korea Bizwire) — South Korean defense firm Hyundai Rotem has been selected as a preferred bidder to export 30 K-808 White Tiger wheeled armored vehicles to Peru, the company said Thursday. STX Engine will serve as the main contractor for the deal, while Hyundai Rotem will supply the vehicles to the Peruvian [...]
SEOUL, June 30 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Friday it has received a 1.2 trillion-won (US$910 million) order for railway trains in Australia. Australian railway company Downer signed the railway train deal with Queensland, Australia’s second-largest state, and Downer subcontracted the project to Hyundai [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korean arms maker Hyundai Rotem Co. on Wednesday held a ceremony to celebrate the first shipment of K2 tanks bound for Poland at its plant in Changwon, 400 kilometers south of Seoul. The company signed a 4.499 trillion won (US$3.3 billion) deal with Poland’s state defense procurement agency [...]
SEOUL, Aug. 29 (Korea Bizwire) — Hyundai Rotem Co., South Korea’s sole tank manufacturer, said Monday it has signed a 499 billion won (US$372 million) K2 tank deal in Poland. Hyundai Rotem signed the deal with Poland’s state defense procurement agency to build 180 K2 tanks for the Polish military by December 2027, the company [...]
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 [...]
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 [...]
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 [...]