Hyundai Movex Increases Sydney Screen Door Contract... Annual Cumulative Orders Reach 300 Billion Won

New Orders Exceed 300 Billion Won as of June This Year

Hyundai Movex has increased its contract for screen doors at subway stations in Sydney, Australia. This brings the cumulative new orders for this year to exceed 300 billion KRW.

On the 26th, Hyundai Movex announced that it signed an additional contract on the 18th for the installation work of Platform Screen Doors (PSD) and MGF (safety footplates) with Sydney Metro Company in Australia. The total order amount increased to 77.5 billion KRW as the installation work cost was added to the original manufacturing and supply contract of 35.7 billion KRW secured in December 2022.

Hyundai Movex plans to select local partners in Australia and install 360 self-manufactured screen doors and 170 safety footplates at 10 stations on the Sydney Southwest Line (Marrickville to Bankstown) by the end of the year.

In addition, the company is rapidly increasing its cumulative new orders this year by securing contracts such as for a cathode material factory in North America. As of this month, the total has already surpassed 300 billion KRW. Following last year's record-breaking annual new orders exceeding 400 billion KRW, the company is continuing its growth trend this year.

A Hyundai Movex official said, "The fruits of our global expansion efforts, centered on the secondary battery new business, are gradually becoming visible," adding, "Since we are achieving balanced results across various industries such as tires, distribution, logistics, and food, this year will be an important momentum for improving our performance."

Sydney Metro screen door installation scene in Sydney, Australia (Photo by Sydney Metro)

This content was produced with the assistance of AI translation services.