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THE INVESTOR
January 16, 2018

Industrials

Hyundai Rotem wins W160b order in Turkey

  • PUBLISHED :December 05, 2017 - 09:59
  • UPDATED :December 05, 2017 - 09:59
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[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)


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