
Hyundai Rotem Co., a South Korean tank and train maker, said Sunday that it has clinched a 450 billion won (US$404.8 million) order to supply rail cars to Brazil. The order was placed by the transportation authority of Sao Paulo, which is responsible for building metro systems in the largest city of the South American country. Hyundai Rotem said it plans to jointly manufacture the rail cars with other Brazilian companies to produce localized versions of the products. Since the company's penetration into the Brazilian market in 2003 by selling 24 rail cars to the northeastern city of Salvador, Hyundai Rotem has sold 518 rail cars to three Brazilian cities priced at 900 billion won.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
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