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December 10, 2018

Hyundai Rotem inks US$239.5m deal in Bangladesh

PUBLISHED : October 11, 2018 - 11:20

UPDATED : October 11, 2018 - 11:20

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[DISCLOSURE] Hyundai Rotem (064350) announced on Oct. 11 that it has signed a US$239.46 million contract with Bangladesh Railway to supply 70 diesel electric locomotives. 

This amounts to 9.9 percent of its 2017 revenue and the contract is valid until Oct. 9, 2026.

By Hwang You-mee (glamazon@heraldcorp.com)

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