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Sunday August 19, 7:39 PMSiemens, S.Korea's Rotem win subway deal from BrazilSEOUL, Aug 19 (Reuters) - South Korea's Rotem, Hyundai Motor Group's train maker, said on Sunday it and German industrial group Siemens have won a subway deal from a company in Brazil.Rotem said in a statement that it would deliver 84 electric rail cars for $160 million, 70 percent of the deal, to ViaQuatro, which is building a new subway line in Sao Paulo. The unlisted South Korean company said Siemens would supply equipments for signals and communications. Rotem said it would supply up to 90 more electric rail cars to the subway line in the second phase of the project. It did not disclose the value of the second order. |
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