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THE INVESTOR
September 25, 2018
Big Reunion

Industrials

Hyundai Rotem wins W929b diesel train order in Iran

  • PUBLISHED :December 04, 2017 - 10:02
  • UPDATED :December 04, 2017 - 10:02
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[THE INVESTOR] Hyundai Rotem, the train manufacturing unit of Hyundai Motor Group, said on Dec. 4 it won a 929.3 billion-won (US$856 million) order to supply diesel-powered trains in Iran.

The company said in a statement that it has signed the mega deal with the Iranian government to build 450 trains for 78 months.

Of the total orders, Hyundai Rotem plans to build 150 diesel-powered trains at its domestic plant and to partner with the Iranian Rail Industries Development Co. to manufacture the remaining 300 in an Iranian production facility, it said.

By Alex Lee and newswires (alexlee@heraldcorp.com)
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