TYM (company)

TYM CORPORATION is a South Korean agricultural machinery manufacturing company headquartered in Seoul, South Korea with operations in more than 40 countries.[3] The company began in 1951, founded in Busan, South Korea, as the Tong Yang Moolsan [4] and was renamed "TYM" in 2020.[5] TYM designs, produces, and sells tractors, combines, cultivators, rice transplanters and diesel engines.

TYM CORPORATION
Native name
주식회사 티와이엠
TypePublic
KRX: 002900
IndustryAgricultural machinery
FoundedSeptember 28, 1951 (1951-09-28)
Headquarters
Seoul, South Korea
Area served
Worldwide
Key people
Kim Hee-Yong
Chairman & CEO
ProductsTractors
Combine harvesters
Cultivators
Rice transplanters
Diesel engines
RevenueKRW 713.3 billion (FY 2020) (US$ 655 million) [note 1]
Websitehttps://tym.world/
Footnotes / references
[1][2]

History

In 1968 it merged with Korea Light Metal and commenced agricultural Machinery production. In 1973 Anyang Farm Machinery Factory established; company shares opened to the public. TYM's Research and Development Institute and Agricultural Machinery Training Institute were established in 1993.[6]

TYM entered the US tractor market in 2004 and acquired Kukje (Branson) in 2016. Kukje Machinery and its Branson line would put TYM ahead of current number two LS Mtron among South Korean agricultural equipment players, and close to Daedong Co., the manufacturer of Kioti tractors and all-terrain utility vehicles.[7]

Products
  • Tractors
  • Attachments
  • Cultivators
  • Rice transplanters
  • Combine harvesters
  • Engines

Brands
  • Branson
  • Kukje Machinery (KM)
  • TYM

References
  1. "TYM Corp. 002900 (S. Korea: KRX)". www.wsj.com. Retrieved 2021-08-21.
  2. "TYM Corp 002900.KS". www.reuters.com. Retrieved 2021-08-21.
  3. "TYM, 매출·영업익 역대 최대… 성장 예상". www.kamnews.co.kr/news (in Korean). Retrieved 2021-08-16.
  4. "기관 단체/기관 단체(일반)". busan.grandculture.net (in Korean). Retrieved 2021-08-16.
  5. "동양물산기업, 'TYM'으로 사명변경 온라인 선포식". www.agrinet.co.kr/news (in Korean). Retrieved 2021-08-16.
  6. "Our history". tym.world. Retrieved 2021-08-16.
  7. "Branson Tractors' Parent Company Being Sold to TYM". www.rurallifestyledealer.com. Retrieved 2021-08-16.


Notes
  1. Exchange rate at 31/12/2020 : 1,088 KRW per USD
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.