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EUKOR has agreed with Hyundai Motor Group to carry Hyundai/KIA vehicle exports from Korea for a fur..

Financial News

EUKOR has agreed with Hyundai Motor Group to carry Hyundai/KIA vehicle exports from Korea for a fur..

EUKOR has agreed with Hyundai Motor Group to carry Hyundai/KIA vehicle exports from Korea for a further four years

EUKOR Car Carriers, owned 40% by Wilh. Wilhelmsen ASA, has agreed with Hyundai Motor Group to carry Hyundai/KIA vehicle exports from Korea for a further four years. The new period commences from January 2016, through to 31 December 2019 with volume portion adjusting from 50% in the first two-year period to 40% of the exports in the second two-year period. Details of the contract are still be to be finalized.

In 2014, EUKOR transported approximately 4.6 million units of which 1.7 million where on behalf of Hyundai and Kia.

The agreement confirms EUKOR's strong position in Korea and is a proof of quality delivered under the existing contract. Being strategically important for the company's profitability going forward, the agreement builds on EUKOR's ambitions to be a global provider of quality car carrying services for a diversified customer base.

Source: NewsWeb