South Korean train-maker Hyundai Rotem is seeking to become a bigger global player by stepping up efforts to bring its railway vehicles and systems to developing markets overseas, Korea Herald reports.
“Having established a presence in 35 countries, our core strategy is to use the positive reputation we have built up in the industry to enter new markets in countries with aging or no railway infrastructure in Central America and South America, such as Peru and Colombia,” said a Hyundai Rotem spokesperson.
Hyundai Rotem ― which currently supplies about 95 percent of railway cars used by the Korea Railroad Corporation and the Seoul Metropolitan Rapid Transit Corporation ― has established a presence in countries including Hong Kong, India, Brazil, Egypt, Ukraine, Turkey, the United States and others over the past decades.
“We are working to reduce production costs and supply high-quality railway vehicles at the best prices, in order to increase our competitive advantage against our global competitors,” the official said.
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