| Type | Subsidiary |
|---|---|
| Industry | Railway system Defense system Plant system |
| Founded | July 1, 1999 |
| Headquarters | Seocho-gu, Seoul, South Korea |
| Key people | Lee, Minho (President, CEO) |
| Products | Railway Vehicles and Systems Defense Systems Plant Systems |
| Employees | 3800 |
| Parent | Hyundai Motor Group |
| Website | http://www.hyundai-rotem.co.kr/ |
| Hyundai Rotem | |
|---|---|
| Hangul | 현대로템 |
| Hanja | 現代로템 |
| Revised Romanization | Hyeondae Rotem |
| McCune–Reischauer | Hyŏndae Rot'em |
Hyundai Rotem is a South Korean company manufacturing rolling stock, defense products and plant equipment. It is part of the Hyundai Motor Group. Its name was changed to the current one from Rotem on December 2007.[1]
Notable projects include Hong Kong MTR's "K-Stocks", trains for the New Delhi Metro and automated trains for the Canada Line between Vancouver and Richmond in British Columbia, Canada. They are also to supply the Silverliner V commuter trains for SEPTA Regional Rail in the Philadelphia, Pennsylvania area. The Philippine National Railways have partnered with Hyundai Rotem to upgrade and construct its train and stations in the Luzon island for convenience and fast transportation on the said island; the trains have been delivered and are currently in service. Some of the stations have been finished and are just in need of minor touches.
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The company was founded in 1999 as Korea Rolling Stock Corporation (KOROS), the result of merger between then three major rolling stock divisions of Hanjin Heavy Industries, Daewoo Heavy Industries and Hyundai Precision & Industries. The company subsequently changed its name to Railroading Technology System, or Rotem, on 1 January 2002. This change was made because KOROS resembled the Japanese word korosu (殺す), which has a similar pronunciation, means "to kill." It adopted its current name in December 2007 to reflect its current owner. Hyundai Rotem currently employs 3,800 and exported to 29 countries worldwide.
Hyundai Rotem announced on November 11 2008, that it had signed a €580m contract to supply the rolling stock for the Marmaray cross-Bosporus tunnel project in Istanbul. The Korean firm saw off competition from short-listed bidders Alstom, CAF and a consortium of Bombardier, Siemens and Nurol for the 440-vehicle contract which was placed by the Ministry of Transport's General Directorate of Railways, Harbours & Airports.
The 22 m long stainless steel cars will be formed into 10 and five-car EMUs. Some production will be carried out locally by Eurotem, Hyundai Rotem's joint venture with Turkish rolling stock manufacturer TÜVASAŞ. The cars will arrive in three batches, the first 160 cars by 2011, the last by June 2014.
Hyundai Rotem won its first contract in Turkey in 1996, and has now completed seven orders for a total of 804 vehicles worth US$1·6bn. In July it signed a contract to provide a 84 DMUs in conjunction with Tüvasas.
'Hyundai Rotem has earned the trust of Turkey by providing high quality products and technology', said Executive Vice-Chairman Yeo-Sung Lee. 'We believe this brightens the outlook for future business opportunities in Turkey such as the Istanbul line and the Ankara line.'
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