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Korean teach producing company Hyundai Rotem has renewed its maintenance providers for 90 subway trains in Ukraine, securing an additional 65 billion gained ($59.6 million), the organization explained in a assertion Wednesday. 

(Hyundai Rotem)

Hyundai Motor’s affiliate signed a offer with Ukraine Railway Velocity Co. to extend its project by five many years. Beneath the renewed offer, Hyundai Rotem is dependable for the upkeep of the 90 trains right until 2027, it stated.

In 2010, Hyundai Rotem secured a 350 billion won deal to construct 90 subway trains for Ukraine Railway Velocity Co. It has also been delivering 24-hour servicing companies for the trains in Ukraine.

Hyundai Motor owns a 43.4 % stake in Hyundai Rotem, which gives railway and defense devices as nicely as plant products. Morgan Stanley Private Fairness also has a share of 24.8 per cent in the organization.

By Shim Woo-hyun (ws@heraldcorp.com)





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