April 20, 2024
Industrials
Hyundai Rotem wins W160b order in Turkey
[THE INVESTOR] Hyundai Rotem, the train manufacturing unit of Hyundai Motor Group, said on Dec.5 that it won an order worth 160 billion won (US$147 million) to supply subway trains in Turkey.
Hyundai Rotem signed the deal with the Istanbul City government on Dec. 4 (local time) to build 120 trains by March 2020, the company said in a statement.
The company, which has been supplying rolling stock to Turkey since 1996, has received a total of 1,898 train orders so far, including the latest Istanbul deal, it said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
