TYM (company) explained

TYM CORPORATION
Native Name:주식회사 티와이엠
Native Name Lang:ko
Type:Public
Hq Location City:Seoul, South Korea
Key People:Kim Hee-Yong
Chairman & CEO
Industry:Agricultural machinery
Products:Tractors
Combine harvesters
Cultivators
Rice transplanters
Diesel engines
Revenue:KRW 713.3 billion (FY 2020) (US$ 655 million)
Area Served:Worldwide
Homepage:https://tym.world/
Footnotes:[1] [2]

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.

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

Brands

Notes

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

External links