Hyundai Opens Train Factory in Brazil: South Korean automotive giant Hyundai is preparing to open its first railway factory in Brazil. Hyundai Rotem has announced that it plans to open a 40 million-dollar plant in Araraquara, Sao Paulo. With the project, Hyundai Rotem will launch its second largest plant in the world in Brazil.
Brazilian officials, who met with Hyundai Rotem's global president Kyuhwan Han at an event in Sao Paulo, announced that they would open the largest railway factory in the country. Hyundai Rotem reported that he preferred Araraquara, one of the most advanced factory cities in the province of Sao Paulo, at a distance of 270 km after visiting certain parts of the country and considering the possibilities.
Hyundai said that the Brazilian rail and metro sector has a very high growth expectation and that the world-renowned HP, Nestle, and Lupo's factories prefer this city because they are located in Araraquara. The facility, which is expected to be operational in 2016, will provide employment for 300 people. 60'in production and assembly in Brazil, which is the front of the company, the control of the company in the coming years, the control will be fully in the hands of Brazil assured.
The lant Yellow Line m, one of the major connections of the Sao Paulo subway, runs a Korean company. Hyundai Rotem, who stated that there are metro and train lines in important regions of the country, announced that the investments that will be opened will reach half a billion dollars.
Hyundai Rotem, which produces and installs strategic subway and train lines in many countries of the world, had recently built Marmaray's tube passages after the production of a part of Ankara, Istanbul and Adana subways.