Hyndai Rotem reports contract worth $117 million in Brazil

Home > Business > Industry

print dictionary print

Hyndai Rotem reports contract worth $117 million in Brazil

Hyundai Rotem, the nation’s leading train manufacturer under Hyundai Motor Group, said yesterday it has been selected to supply 124.8 billion won ($117 million) worth of trains to Brazil’s Companhia do Metro da Salvador.

Hyundai Rotem said that with the deal, its projects in Brazil have surpassed 1 trillion won and supplied 630 trains to four subway operators.

The Korean train maker said that for this project, which is to supply trains used for Salvador No. 2 line, it beat France’s Alstom in bidding after forming a consortium with a local company.

More in Industry

Chaebol heads talk shop at closed-door dinner

Arkana arrives

Low battery

Kitting up

I've got two words for you: Biodegradable plastic

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now