Hyundai Rotem Co. has been awarded a NATO quality management certificate by South Korea's Defense Agency for Technology and Quality for its K2 tanks and other defense products. This is the first such certificate issued by the agency and is expected to boost domestic firms' access to NATO's defense procurement market.
Hyundai Rotem has won a 748.2 billion won (US$487.3 million) railway maintenance contract in Morocco, expanding on a previous train supply deal. The 20-year agreement with ONCF covers 440 train cars and follows a 2.23 trillion won deal for double-decker electric trains.
Thaco hợp tác với Hyundai Rotem để phát triển ngành công nghiệp đường sắt tại Việt Nam, bao gồm sản xuất đầu máy, toa xe và thiết bị chuyên dụng. Dự kiến khởi công khu công nghiệp đường sắt 320 ha vào tháng 7, với mục tiêu sản xuất từ tháng 4/2027.
SEOUL, May 6 (Yonhap) -- Hyundai Rotem Co., the defense and train subsidiary of ...
SEOUL, April 28 (Yonhap) -- Hyundai Rotem Co., the defense and rail systems unit...
Hyundai Rotem reported a 29% increase in Q1 net profit to 202.7 billion won, driven by strong Defense Solutions division performance. Operating profit rose 10.5% to 224.2 billion won, with sales up 23.9% to 1.45 trillion won. Order backlog reached 29.9 trillion won.
Hyundai Rotem has secured a 491 billion-won ($332 million) contract to supply driverless electric multiple units for Ho Chi Minh City's Metro Line No. 2, with operations slated to begin in 2030. The company also signed an MOU with Vietnam's Thaco Group to provide signaling systems for the 64-kilometer line, positioning itself for additional contracts in Vietnam's high-speed rail projects worth around 100 trillion won.
Hyundai Rotem, the defense systems manufacturing arm of Hyundai Motor Group, has received credit rating upgrades from all three major domestic appraisal agencies — Korea Ratings, Korea Investors Service, and NICE Investors Service — moving from A+ to AA-. The upgrade reflects the company's strong debt repayment capability, improved earnings, and financial stability, supported by a record order backlog of around 30 trillion won and its first-ever annual operating profit of 1 trillion won.
