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.
Native name | 주식회사 티와이엠 |
|---|---|
| Company type | Public |
| KRX: 002900 | |
| Industry | Agricultural machinery |
| Founded | September 28, 1951 |
| Headquarters | |
Area served | Worldwide |
Key people | Kim Hee-Yong Chairman & CEO |
| Products | Tractors Combine harvesters Cultivators Rice transplanters Diesel engines |
| Revenue | KRW 713.3 billion (FY 2020) (US$ 655 million) [note 1] |
| Website | https://tym.world/ |
| Footnotes / references [1][2] | |
History edit
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 edit
- Tractors
- Attachments
- Cultivators
- Rice transplanters
- Combine harvesters
- Engines
Brands edit
- Branson
- Kukje Machinery (KM)[1]
- TYM
References edit
- ^ "TYM Corp. 002900 (S. Korea: KRX)". www.wsj.com. Retrieved 2021-08-21.
- ^ "TYM Corp 002900.KS". www.reuters.com. Retrieved 2021-08-21.
- ^ "TYM, 매출·영업익 역대 최대… 성장 예상". www.kamnews.co.kr/news (in Korean). Retrieved 2021-08-16.
- ^ "기관 단체/기관 단체(일반)". busan.grandculture.net (in Korean). Retrieved 2021-08-16.
- ^ "동양물산기업, 'TYM'으로 사명변경 온라인 선포식". www.agrinet.co.kr/news (in Korean). Retrieved 2021-08-16.
- ^ "Our history". tym.world. Retrieved 2021-08-16.
- ^ "Branson Tractors' Parent Company Being Sold to TYM". www.rurallifestyledealer.com. Retrieved 2021-08-16.
Notes edit
- ^ Exchange rate at 31/12/2020 : 1,088 KRW per USD