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Hyundai Rotem wins a $242 mn deal to supply 232 train units in Malaysia

Collected: 2016.05.20

Distributed: 2016.05.27

Source: Go Direct

[Photo by Hyundai Rotem]

Hyundai Rotem Co., South Korea’s leading train maker, has won a 985.6 million ringgit ($242 million) contract to supply unmanned electric trains to Malaysia after it beat German, Czech and Chinese rivals.

The company announced on Friday that it struck a deal to offer a total of 232 train units to state-owned Mass Rapid Transit Corp. (MRT Corp.) in Malaysia. The trains will run along the 52 kilometer-long line from Putrajaya to Sungai Buloh that is scheduled to open in 2022.

The rolling stock manufacturer is set to start producing the train units in June with an aim to deliver the first stocks in early 2020 and complete the delivery of the total 232 units by the first half of 2022.

Malaysia is a country where Hyundai Rotem has won the largest number of train orders in Asia since it first set foot in the market in 1973. It supplied 1,753 trains to the country, including 66 electric train units in 1995 and 30 semi-high speed train units that run at a speed of 160 kilometers per hour in 2008.

Hyundai Rotem has also won a series of supply contracts so far this year from the Philippines, Turkey and the New Zealand. The latest deal is expected to further strengthen its position in Malaysia, said an unnamed official from the company.

By Yoon Jin-ho

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