Hyundai Rotem Company Overview
Company Headquarters: Beijing, South Korea
Founded: 1977
Workforce: ~ 35,000
Company Working: Hyundai Rotem Company is engaged in manufacturing and marketing railway vehicles, defense systems, and plants and machinery in South Korea, internationally. The company primarily operates through 3 business division that include Railway Systems, Defense Systems, and Plant & Machinery. The railway systems segment supplies numerous railway vehicles, including EMUs, high speed trains, LRVs, DMUs, locomotives, and passenger coaches and freight trains, both, domestically and globally. The division has localized the core electrical equipment of railway vehicles, including train control management systems (TCMS), propulsion systems, traction motors, and auxiliary power units. The company has expanded its business to integrated railway systems business, which include signalling, communications, electricity, PSD system and aftermarket rail services, such as rolling stock Maintenance, Modernization and Parts & Repairs. Hyundai Rotem Company is an operating subsidiary of Hyundai Motor Group, commonly known as Hyundai Motors, a South Korean multinational automotive manufacturer. Moreover, the company has three volunteer services group, including one under the railway systems division.
Strategy
Hyundai Rotem Company formed upon the merger of railway vehicle business of Hyundai Precision Industry, Hanjin Heavy Industries & Construction, and Daewoo Heavy Industries & Machinery. The company aims to strengthen its market position by creating a positive pricing scenario over its competitors. The company plans to enhance its clientele by enhancing its local distribution network. It also focuses on its trading operations by increasing the number of loyal stakeholders to achieve financial stability. The company is expected to increase its export percentage to enhance its revenue.
