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Hyundai Rotem Wins KRW358.5 Billion Taiwan Railway Line E&M Supply Project

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Hyundai Rotem (KRX:064350) received a notice of award from the Taoyuan City Government for the Taoyuan brownline electrical and mechanical (E&M) supply project in Taiwan, with the company's share amounting to 358.5 billion won.

The railway rolling stock manufacturer said the project will be carried out in consortium with ST Engineering Urban Solutions.

The company plans to file a separate disclosure for the single sales and supply contract upon final signing, according to a bourse filing on Tuesday.

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