EUKOR successfully renews HMG contract
EUKOR Car Carriers, part of the Wallenius Wilhelmsen group, has renewed its
contract with Hyundai Motor Group (HMG), increasing duration to 3 years and
maintaining a 40% volume share.
"We are very pleased to continue our strong relationship with HMG, supporting
the same predictable level of volumes. The agreement confirms Wallenius
Wilhelmsen's strong position in Korea and is a proof of the quality of our
services delivered under the existing contract," says Torbjørn Wist, CFO and
Acting CEO of Wallenius Wilhelmsen.
The contract is renewed for three years at the existing volume share,
maintaining 40 percent of HMG's exports. This continues the partnership with
HMG, proving the dedicated seamless service rendered to HMG since 2002 and our
service capacity to the auto industry.
Underlying operational earnings are expected to be unchanged in the new contract
period starting 1 January 2022. The agreement includes a Fuel Adjustment Factor.
For further information, please contact:
Investors: Anette Orsten, VP Global Treasury & IR Tel + 47 98067912 ; Email:
anette.orsten@walwil.com
Media relations: Anette Maltun Koefoed, VP Corporate Communications. Tel: +47
975 87 999 ; Email: anette.maltunkoefoed@walwil.com
About Wallenius Wilhelmsen
The Wallenius Wilhelmsen group (OEX: WAWI) is a market leader in RoRo shipping
and vehicle logistics, transporting cars, trucks, rolling equipment and
breakbulk around the world. The company operates over 130 vessels servicing 16
trade routes to six continents, and a global inland distribution network, 120
processing centres, and 11 marine terminals. The Wallenius Wilhelmsen group
consist of Wallenius Wilhelmsen Ocean, Wallenius Wilhelmsen Solutions, EUKOR and
ARC. The group is headquartered in Oslo, Norway with 8,200 employees in 29
countries worldwide.
About EUKOR
EUKOR operates a large and modern fleet of about 67 specialized Pure Car and
Truck Carriers (PCTC). One of the company's key business is the export of
Hyundai and Kia Motors' vehicles from their plants in Korea, while also serving
most other global automotive leaders. The company is a subsidiary of the
Wallenius Wilhelmsen group, part-owned with HMG (80% / 20%).