Hyundai Rotem Export High-speed Trains to Poland, Other Countries

With the export of its K2 tank, Hyundai Rotem is quickening its pace in order to secure orders for railway vehicles. The company received the most orders ever in the first half of this year, totaling 3 trillion won, including one for Australian railway trains. At the end of this year, the company will deliver the first batch of successfully localized, 320 kph high-speed rail cars to Korea. It will be particularly intriguing to see if, this year, 15 years after the localization of KTX high-speed trains, the first high-speed rail exports are made to emerging nations like Poland.

In the first half of this year, Hyundai Rotem received orders for railway solutions totaling more than 3 trillion won from domestic and international customers, including one trillion won worth of orders for rail cars from Australia, according to industry sources on July 26. The size of this is unprecedented. In the railway industry, its backlog of orders as of the first half of the year was around 10 trillion won.

Railroads, defense solutions, and eco-plants are Hyundai Rotem’s three business segments. One of these is the railway sector, which produces, supplies, and maintains streetcars, high-speed trains (above 200 kph), light trains, and trams.

Following orders in the railway industry throughout the first half of the year, Hyundai Rotem formed a cooperation with a nearby railway business, Downer, and won a deal to provide railway cars to the Queensland state government in Australia in June. The order, which is the biggest ever for a single project, is valued at 1.2164 trillion won. By 2026, the automobiles will have been delivered.

Starting with Indonesia in 1990, Hyundai Rotem has exported rail cars to a total of 38 nations, including India and Brazil. The corporation won rail car projects worth 1.178 trillion won last year in countries including Taiwan (156 billion won), Egypt (757 billion won), and others.

Hyundai Rotem will have both technologies in addition to power-concentrated technology for KTX Sancheon trains when a power-distributed high-speed train with a top speed of 320 kph ordered by KORAIL and SR is commercialized the following year. France and Germany are two of the few nations that have both technologies. Power-distributed high-speed trains occupy more than 70% of the worldwide high-speed railway market.

Korea hasn’t exported any high-speed rail to date. Manufacturers including China’s CRRC, the largest rail car manufacturer in the world, France’s Alstom, which makes the TGV, Germany’s Siemens, which makes the Velaro, and Canada’s Bonvardier, a multinational corporation, dominate the high-speed railway business.

Saudi Arabia, which is promoting the largest urban construction project in the world (Neom City), Poland (a high-speed railway for a new airport), which recently promised infrastructure investment cooperation with Korea, Ukraine, which is actively discussing post-war reconstruction, and developing Asian nations are some of Hyundai Rotem’s high-speed railway export destination targets. Poland is one of these, working together in the railway and defense industries. After receiving the deal in 2019, Hyundai Rotem is providing 123 trams costing 33.58 billion won for a tram project in Warsaw, Poland. Additionally, 28 K2 tanks were given early to the nation, strengthening relations between Poland and Korea. Additionally, the business is vying for a contract to deliver 820 more K2 tanks, 500 of which will be made domestically in Poland.

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