December 03, 2008

Hyundai Rotem wins USD 170 million US train deal

Hyundai Automotive Group’s subsidiary Hyundai Rotem announced that it has won a USD 170 million contract to supply passenger trains to the city of Boston.

The contract with the Massachusetts Bay Transportation Authority calls for Rotem to deliver 75 double decker suburban commuter rail cars by 2012.

Rotem said it was the company's third deal in the US after similar deals with Philadelphia and Los Angeles, proving that Rotem's technology and quality have been recognized by the American market.

Rotem said that in order to cope with the increasing American demand it is currently building a plant in the US with an annual production capacity of 200 rail cars with a goal to put it into operation late this year.