Hyundai Rotem signs €720M deal to build 450 rail carriages in Iran

Hyundai Rotem signed a €720 million contract with Iranian Rail Industries Development Co (IRICO) to jointly build 450 rail carriages for suburban Tehran. Two-thirds will be manufactured in Iran, the rest in South Korea.

“Hyundai Rotem, a South Korean manufacturer of rolling stock, signed the agreement with the Iranian Rail Industries Development Co (IRICO) in Tehran Saturday.”presstv.co.uk

• 2 sources
• presstv.co.ukHyundai Rotem inks €720mn deal to build carriages in IranDec 2, 2017
• en.yna.co.krHyundai Rotem wins 929.3 bln-won diesel train order in Iran | Yonhap News AgencyChoi Kyong-aeDec 4, 2017

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