TYM Group subsidiaries TYM-USA and Branson will locate a tractor factory in Rome, Georgia. The $20 million project is expected to create 150 jobs.
The company will construct a new 142,500 facility on TYM's 900,000 square feet factory grounds. The expansion of the company’s current parts center and the establishment of the TYM Technology Institute for service education were also included in the investment plan.
"This investment in North America is a part of an effort by TYM to maximize the customer experience. We aim to provide the best of TYM's products and services to more customers and establish trust and business value with our partners," said the head of TYM Overseas Business Division. He added, "It was very meaningful for the opportunity to contribute to the cooperation between USA and Korea through this major facility investment in Georgia, in line with President Biden's visit to Korea."
TYM, which currently has production facilities in four states in the USA, plans to increase its annual tractor production in North America from 30,000 to 50,000 units through this newest investment plan. The South Korean tractor manufacturer plans to dramatically enhance product quality while improving parts supply and service to more than 300 dealerships in North America and expand its customer contact points.
TYM Group is currently among the top five tractor manufacturers in North America, with a total manufacturing market share of more than 10% in the North American tractor market under 100HP.