Hyundai Rotem’s railroad cars have been put into operation on the Marmaray commuter rail line in Istanbul, Turkey. Turkish President Recep Tayyip Erdogan attended the railway opening ceremony on March 12 for trial riding.The Marmaray line, which has a length of 77 km, includes the Bosphorus Undersea
Hyundai Rotem announced on October 25 that the company has signed a contract to supply 32 electric train cars to Almaty Metro in Kazakhstan. The order is valued at 80.8 billion won (US$71.1 million).The electric train cars will be put into service in an extension section of Almaty Line 1. They will
Hyundai Rotem announced on October 11 that the company won a US$239 million order for 70 diesel electric locomotives from the Bangladesh Railway Authority.A diesel electric locomotive runs on power from a power generator powered by a diesel engine. The locomotive can run on a railway without an elec
On September 18 when the third inter-Korean summit was held, the Korean stock market saw ups and downs of the stocks involved in economic cooperation between North and South Korea. Some stocks such as POSCO M-Tech surged amid a sharp increase in trading volume, but many stocks related to inter-Korea
Hyundai Rotem announced on June 26 that it has won an order for 80 driverless light rail vehicle (LRV) units from Taoyuan City, Taiwan.Hyundai Rotem will supply the system facilities for communication, control, and inspection together with the cars. The total project is estimated to be 542.4 billion
Hyundai Rotem has developed the world's first running gear that enables trains to run on a steep curve. The company says its new devices enables trains to run in complex and curved urban areas.Hyundai Rotem announced on June 19 that the company succeeded in developing a running gear that allows
Morgan Stanley Private Equity (MSPE) has sold 7 million shares (8.2% of the total shares) of Hyundai Rotem for 245 billion won (US$229.4 million) in a block deal (off-hours block trading).The shares were a leftover from the company's sales of the Hyundai Rotem shares last month.Morgan Stanley PE
Hyundai Rotem announced on June 4 that the company landed an order for 520 carriages of electric trains valued at 908.9 billion won from the Taiwan Railway Administration (TRA).This is the largest-ever train carriage order from the Taiwanese market. Hyundai Rotem's electric carriages will be dep
Hyundai Rotem Co. has received an order for 10 diesel-electric locomotives worth 41 billion won (US$38 million) from Bangladesh, the company announced on May 18.The company will deliver the locomotives to the Bangladesh railway authorities by 2020.Hyundai Rotem beat rivals from China and Spain to wi
The price of Hyundai Rotem Co. shares, which had continued to reach a new record high after the recent inter-Korean summit, plunged due to a block deal based on profit taking.Hyundai Rotem closed at 27,000 won (US$25.10), down 17.18 percent, on May 3 after plunging nearly 21 percent from the previou