EUKOR Car Carriers , part of theWallenius Wilhelmsen group, has renewed its contract withHyundai 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 confirmsWallenius Wilhelmsen's strong position inKorea and is a proof of the quality of our services delivered under the existing contract," saysTorbjørn Wist , CFO and Acting CEO ofWallenius 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 starting1 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 AboutWallenius Wilhelmsen TheWallenius 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. TheWallenius Wilhelmsen group consist ofWallenius Wilhelmsen Ocean , Wallenius Wilhelmsen Solutions, EUKOR and ARC. The group is headquartered inOslo, 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 ofHyundai andKia Motors' vehicles from their plants inKorea , while also serving most other global automotive leaders. The company is a subsidiary of theWallenius Wilhelmsen group, part-owned with HMG (80% / 20%).
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