Hyundai Rotem grabs $851 million train deal in Taiwan

Park Sae-jin Reporter Posted : 2018-06-04 15:04 Updated : 2018-06-04 15:04
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[Courtesy of Hyundai Rotem]

SEOUL -- Hyundai Rotem, a train and armored vehicle maker affiliated with South Korea's Hyundai auto group, has won an order from Taiwan to provide 520 cars worth 909.8 billion won ($851 million). It was the first order from Taiwan in 19 years.

The train manufacturer said in a statement on Monday that the order came from the Taiwan Railways Administration (TRA), which has been reforming its old railroad infrastructure with an investment of 35 trillion won until 2026. Hyundai Rotem will provide cars by 2024.

Hyundai Rotem cars will be fitted with new conveniences such as USB charging ports, an air conditioning system to control CO2 level and a noise reduction feature. Each train will have 10 cars and is capable of traveling at the maximum speed of 130 kilometers (80 miles) per hour.

With its new order, Hyundai Rotem regained an entry into the Taiwanese market dominated by European and Japanese companies. Hyundai Rotem secured its last contract in 1999.