Hyundai’s Rotem Electric has expanded its operations by acquiring a new Riverside warehouse for $15.5M. The state-of-the-art facility aligns with its innovative growth strategy. This was reported by the railway transport news portal Railway Supply.

Hyundai’s Rotem Electric
NOBLECANON – stock.adobe.com

Hyundai’s Rotem Electric has announced its acquisition of a new warehouse in Riverside, California, furthering its expansion. The Cerritos-based U.S. subsidiary purchased the property for $15.5 million, equating to $347 per square foot.

Don’t miss…Cardiff Crossrail: The First Step Towards a Modern Transport Network in Cardiff

The newly constructed building, located at 2078 Rustin Avenue, spans 44,609 square feet and supports Hyundai’s growth initiatives. The state-of-the-art facility features 30-foot clear heights, five dock-high doors, and one ground-level entry point.

Hyundai’s Rotem Smart Electric Group specializes in manufacturing high-speed trains, locomotives, and trams for modern transit systems. Its innovations are instrumental in transforming urban transportation and advancing global infrastructure projects.

The company recently participated in a pre-bid conference for California’s high-speed rail initiative. This ambitious project seeks to connect Merced and Bakersfield, aiming to begin passenger operations by 2030.

Strategically designed, the Riverside facility aligns with Hyundai’s commitment to enhancing efficiency and sustainability. The new warehouse will streamline operations and serve as a cornerstone for the company’s future growth.

Construction on the Riverside property is nearing completion and remains on schedule to conclude by year-end. Hyundai’s investment underscores its dedication to infrastructure development and innovative transit solutions.

State-of-the-Art Riverside Facility for Hyundai’s Rotem Electric

The new Riverside warehouse provides cutting-edge features to support Hyundai’s operational efficiency. It enhances the company’s ability to manage logistics and fulfill expanding market demands.

Hyundai’s Rotem Electric Joins High-Speed Rail Revolution

Participation in California’s rail project highlights Hyundai’s commitment to advanced, sustainable transportation. The initiative aims to modernize transit systems and improve connectivity across the state.

Source: www.latimes.com

News on railway transport, industry, and railway technologies from Railway Supply that you might have missed:

Don’t miss…Super Fast Express: Revolutionary 621mph Train Outpaces Planes

Find the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.

Place your ads on webportal and in Railway Supply magazine. Detailed information is in Railway Supply media kit