Metrolink Hyundai Rotem bi-level car.
(Justin N from Riverside, CA, USA, CC BY-SA 2.0 <https://creativecommons.org/licenses/by-sa/2.0>, via Wikimedia Commons)
HYUNDAI ROTEM CO.
Hyundai Rotem Co. (Korean: 현대로템; RR: Hyeondae Rotem) is a South Korean company that manufactures rolling stock, defense products and plant equipment. It is a part of the Hyundai Motor Group. Its name was changed from Rotem to Hyundai Rotem in December 2007 to reflect the parent company. It is also called Hyundai Railroad Technology Systems.
History
The company was founded in 1977. In 1999, the company changed its name to Korea Rolling Stock Corporation (KOROS) as a result of the merging between three major rolling stock divisions: Hanjin Heavy Industries, Daewoo Heavy Industries and Hyundai Precision & Industries. The company subsequently changed its name to Railroad Technology System, or Rotem, on 1 January 2002. It adopted its current name in December 2007 to reflect its current owner.
Hyundai Rotem currently employs 3,800 people and exports to 50 countries worldwide.
Corporate Governance
As of December 2023
| Shareholder | Stake (%) | Country |
|---|---|---|
| Hyundai Motor Company | 33.8% | Korea |
| National Pension Service | 7.7% | Korea |
Railway products
Notable projects include supplying most of South Korea's rolling stock, which include Korail's KTX high speed trains, electric multiple units (EMUs), and electric locomotives. Other products in South Korea include supplying all of Seoul Metro, Seoul Metropolitan Rapid Transit, Busan Metro Lines, and Shinbundang Line's rolling stock. International products include Hong Kong MTR's K-Stock and R-Stock EMUs, commuter EMUs for Taiwan, trains for the New Delhi Metro, and automated trains for the Canada Line in Vancouver, Canada. It delivered 120 Silverliner V commuter trains for SEPTA Regional Rail in the Philadelphia, Pennsylvania area and 66 Silverliner Vs for Regional Transportation District (RTD)'s A Line.
Trams and light rail vehicles
- Canada – Edmonton LRT Valley Line West (40 low-floor LRVs, on order)
High-speed rail
Diesel multiple units
Electric multiple units
- United States – Silverliner V for SEPTA Regional Rail (Philadelphia) and RTD Commuter Rail (Denver)
Metro cars
- Canada – Vancouver SkyTrain Canada Line Hyundai Rotem EMU
- United States - Los Angeles Metro Rail HR5000
Electric locomotives
Diesel-electric locomotives
Metrolink 657, a Hyundai Rotem cab car, pulls into Santa Clarita Station on July 14, 2018,
which was the day of the Los Angeles Union Station's Summer Train Fest. Photo by John Cornett.
(Copyright © 2023 John Cornett, All Rights Reserved)
Push-pull coaches
- United States – Rotem bi-level push-pull cars
- MBTA BTC-4D and CTC-5 cars
- Metrolink Guardian cars BTC-5
- Tri-Rail BTC-5 push-pull cars
Defense products
Plant and Machinery
- Mechanical press, Hydraulic press, Auto racking system
- Electric arc furnace – Steel
- Ladle furnace
- Cranes
- Passenger boarding bridges
- Plant construction
Projects
Boston MBTA
Hyundai Rotem was awarded a contract with Boston's MBTA in early 2008 for the construction of 75 cars. The contract entails the delivery of the first 4 cars by October 2010 while the remaining 71 cars were scheduled to be delivered by the end of 2012. However, due to chronic delays, shoddy workmanship, material shortage, and the death of Hyundai Rotem's chief executive, M.H. Lee, in November 2012, only four cars have been delivered by the end of 2012. On December 21, 2012, the MBTA sent a letter to Hyundai Rotem threatening to cancel the contract if a solution is not soon reached, which, would be a breach of the contract terms. Since then, the new cars have continued to experience various mechanical problems resulting in car shortages and delays.
Overview
Native name: 현대로템 주식회사
Formerly: Kore:a Rolling Stock Corporation (1999–2001); Rotem (2002–2007)
Company type Public
Traded as KRX: 064350
Industry: Defense, Factories, Railways
Predecessors: Rolling stock divisions of Hyundai Precision & Industry; Daewoo Heavy Industries; Hanjin Heavy Industries
Founded: 1 July 1977; 47 years ago
Headquarters: Changwon, Gyeongsangnam-do, South Korea
Area served: Worldwide
Key people: Lee Yong-bae (CEO)
Products: Manufacturing plants, Military vehicles, Railway vehicles
Revenue Increase: ₩3.1633 trillion (2022)
Operating income Increase: ₩147.5 billion (2022)
Net income Increase: ₩194.5 billion (2022)
Total assets Increase: ₩4.8239 trillion (2022)
Total equity Increase: ₩1.4915 trillion (2022)
Owner: Hyundai Motor Company (33.77%), National Pension Service (6.97%), Employee stock ownership (0.34%), Other (0.01%)
Number of employees: 3,800
Parent: Hyundai Motor Company
Subsidiaries: EUROTEM
Website: Official website in English
Website: Official website in Korean
