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[Breaking] Hyundai Rotem Signs 239.2 Billion Won E&M Supply Contract for Taiwan Taoyuan Green Line Zhongli Extension

Hyundai Rotem announced on the 21st that it has signed a supply contract worth approximately 239.2 billion won for the E&M supply project for the Zhongli Extension of the Taoyuan Green Line in Taiwan. According to the regulatory filing, the contract amount is 239,197,358,517 won, equivalent to 4.1%

Oseong Kwon
Staff Reporter
3 min read
[Breaking] Hyundai Rotem Signs 239.2 Billion Won E&M Supply Contract for Taiwan Taoyuan Green Line Zhongli Extension
CBC News

Hyundai Rotem announced on the 21st that it has signed a supply contract worth approximately 239.2 billion won for the E&M supply project for the Zhongli Extension of the Taoyuan Green Line in Taiwan. According to the regulatory filing, the contract amount is 239,197,358,517 won, equivalent to 4.1% of the company's most recent revenue (5,839,031,553,013 won) based on the 2025 consolidated financial statements. The contract counterparty is the Department of Rapid Transit Systems, Taoyuan, with Taiwan as the region of sale and supply. The contract period runs from September 1, 2026 to April 11, 2033. The company explained that the start date is as specified in the contract, and the end date is 2,387 days from the commencement date. The contract deposit and advance payment conditions are marked as 'yes,' and payments will be made on a progress-billing basis. The project is being pursued as a consortium with ST ENGINEERING URBAN SOLUTIONS LTD. The total project scale is TWD 22,388,171,961 and EUR 85,969,493. Of this, Hyundai Rotem's share under the consortium agreement is TWD 5,637,790,186 and EUR 638,210, amounts inclusive of value-added tax (VAT). The contract amount was calculated using the initial exchange rates posted by KEB Hana Bank on October 21: 40.74 won per TWD and 1,491.14 won per EUR. The company stated that October 21, the contract date, is when it received the official documents and the contract. The company added that the contract period and contract amount may change as the project progresses.

Oseong Kwon
Staff Reporter

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