Daedong (company)

Last updated
Daedong Corporation
Native name
주식회사 대동
Type Public
KRX: 000490
Industry Agricultural machinery
FoundedMay 20, 1947;76 years ago (1947-05-20)
Headquarters
Area served
Worldwide
Key people
Kim Joon-Sik
Chairman & CEO
Products Tractors
Combines
Forage equipment
Seeding & Tillage equipment
Diesel engines
Revenue KRW 895.7 billion (FY 2020)
Website https://www.daedong.co.kr
https://www.kioti.com
Footnotes /references
[1]
Kioti logo Kioti-tractors-vector-logo.svg
Kioti logo

Daedong Corporation, also known by the brand name Kioti in North America, is a South Korean agricultural machinery manufacturer founded in 1947 and headquartered in Daegu, South Korea. Its main products include tractors, combine harvesters, all-terrain utility vehicles and engines . [2]

Contents

History

At first, Daedong's business was primarily in metal casting. Daedong began producing agricultural machinery in 1949. [3]

By 1985 they exported their first tractors, and Kioti USA was formed 1993. [4] [5] The company was formerly known as Daedong Industrial Co., Ltd. and changed its name to Daedong Corporation in March 2021. [6]

Kioti Tractor

Kioti Tractor ( /kˈti/ "coyote") is the trade name for Daedong tractors in U.S. and other markets. [7]

Product range

See also

Related Research Articles

<span class="mw-page-title-main">John Deere</span> American agricultural and industrial auto manufacturing corporation

Deere & Company, doing business as John Deere, is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains used in heavy equipment, and lawn care equipment. It also provides financial services and other related activities.

<span class="mw-page-title-main">Massey Ferguson</span> US company; manufacturer of agricultural equipment

Massey Ferguson Limited is a Canadian-British agricultural machinery manufacturer. The company was established in 1953 through the merger of farm equipment makers Massey-Harris of Canada and the Ferguson Company of the United Kingdom. It was based in Toronto, then Brantford, Ontario, Canada, until 1988. The company transferred its headquarters in 1991 to Buffalo, New York, U.S. before it was acquired by AGCO, the new owner of its former competitor Allis-Chalmers.

<span class="mw-page-title-main">Loader (equipment)</span> Heavy equipment machine

A loader is a heavy equipment machine used in construction to move or load materials such as soil, rock, sand, demolition debris, etc. into or onto another type of machinery.

<span class="mw-page-title-main">Heavy equipment</span> Vehicles designed for executing construction tasks

Heavy equipment, heavy machinery, earthmovers, construction vehicles, or construction equipment, refers to heavy-duty vehicles specially designed to execute construction tasks, most frequently involving earthwork operations or other large construction tasks. Heavy equipment usually comprises five equipment systems: the implement, traction, structure, power train, and control/information.

<span class="mw-page-title-main">Fendt</span> German agricultural machinery manufacturer

Fendt is a German agricultural machinery manufacturer founded in 1930 by Xaver Fendt in Marktoberdorf, Allgäu region, Germany. Fendt manufactures tractors, combine harvesters, balers, telescopic handlers and row crop planters. It was purchased by AGCO Corporation in 1997.

Case IH is an American agricultural machinery manufacturer. It was created in 1985 when Tenneco bought selected assets of the agricultural division from International Harvester and merged it into its J.I. Case Company. Today Case IH is owned by CNH Industrial, an American-Italian corporation.

<span class="mw-page-title-main">Case Construction Equipment</span> American construction machine manufacturer

Case Construction Equipment is an Italian manufacturer of construction machinery. Along with CASE IH, Case Construction Equipment is a brand of CNH. Case produces construction equipment including excavators, motor graders, wheel loaders, vibratory compaction rollers, crawler dozers, skid steers, and compact track loaders.

<span class="mw-page-title-main">Case Corporation</span> American agricultural and construction equipment manufacturer

The Case Corporation was a manufacturer of agricultural machinery and construction equipment. Founded, in 1842, by Jerome Increase Case as the J. I. Case Threshing Machine Company, it operated under that name for most of a century. For another 66 years it was the J. I. Case Company, and was often called simply Case. In the late 19th century, Case was one of America's largest builders of steam engines, producing self-propelled portable engines, traction engines and steam tractors. It was a major producer of threshing machines and other harvesting equipment. The company also produced various machinery for the U.S. military. In the 20th century, Case was among the ten largest builders of farm tractors for many years. In the 1950s its construction equipment line became its primary focus, with agricultural business second.

<span class="mw-page-title-main">SDF Group</span>

SDF Group is an Italian agricultural machinery manufacturer founded in 1927 and with its headquarters in Treviglio (Bergamo), Italy. SDF is one of the world's leading manufacturers of tractors, combine harvesters, and diesel engines. The group's products are commercialized under the brand names SAME, Deutz-Fahr, Lamborghini Trattori, Hürlimann, Grégoire and VitiBot. The tractors produced by the group cover a power range from 25 to 440 HP, while its combine harvesters cover a range of powers up to 395 HP.

New Holland is a global full-line agricultural machinery manufacturer. New Holland's products include tractors, combine harvesters, balers, forage harvesters, self-propelled sprayers, haying tools, seeding equipment, hobby tractors, utility vehicles and implements, and grape harvesters. Founded in the United States, New Holland is based in Turin, Italy.

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

<span class="mw-page-title-main">Tractors in India</span> Overview of Indian tractor industry

Tractors in India are a major industry and significant contributor to its agriculture output gains.

<span class="mw-page-title-main">Two-wheel tractor</span>

Two-wheel tractor or walking tractor are generic terms understood in the US and in parts of Europe to represent a single-axle tractor, which is a tractor with one axle, self-powered and self-propelled, which can pull and power various farm implements such as a trailer, cultivator or harrow, a plough, or various seeders and harvesters. The operator usually walks behind it or rides the implement being towed. Similar terms are mistakenly applied to the household rotary tiller or power tiller; although these may be wheeled and/or self-propelled, they are not tailored for towing implements. A two-wheeled tractor specializes in pulling any of numerous types of implements, whereas rotary tillers specialize in soil tillage with their dedicated digging tools. This article concerns two-wheeled tractors as distinguished from such tillers.

<span class="mw-page-title-main">Pronar</span> Polish manufacturer of motorcycles, agricultural related machinery

Pronar Sp. z o.o. is a Polish agricultural machinery manufacturer. The company was founded in 1988 and its headquarters is in Narew, Podlaskie Voivodeship, Poland. Its main products are tractors, combine harvesters and agricultural trailers.

<span class="mw-page-title-main">Agricultural machinery</span> Machinery used in farming or other agriculture

Agricultural machinery relates to the mechanical structures and devices used in farming or other agriculture. There are many types of such equipment, from hand tools and power tools to tractors and the countless kinds of farm implements that they tow or operate. Diverse arrays of equipment are used in both organic and nonorganic farming. Especially since the advent of mechanised agriculture, agricultural machinery is an indispensable part of how the world is fed. Agricultural machinery can be regarded as part of wider agricultural automation technologies, which includes the more advanced digital equipment and robotics. While agricultural robots have the potential to automate the three key steps involved in any agricultural operation, conventional motorized machinery is used principally to automate only the performing step where diagnosis and decision-making are conducted by humans based on observations and experience.

The YTO Group Corporation is a Chinese agricultural machinery and construction machinery manufacturer part of Sinomach, a comprehensive machinery conglomerate. Although composed of many subsidiaries and divisions, the company is best known for manufacturing a range of farming products including tractors and combine harvesters. The company was founded in 1955 and become the largest manufacturer of tractors in China. The company also manufactures construction machinery trucks and diesel engines.

<span class="mw-page-title-main">CNH Industrial</span> Italian-American multinational corporation

CNH Industrial N.V. is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli family. The company is listed on the New York Stock Exchange and on Borsa Italiana: it is a constituent of the FTSE MIB index. The company is incorporated in the Netherlands. The seat of the company is in Amsterdam, Netherlands, with a principal office in London, England.

<span class="mw-page-title-main">Agricultural machinery industry</span> Subsector of the industry

The agricultural machinery industry or agricultural engineering industry is the part of the industry, that produces and maintain tractors, agricultural machinery and agricultural implements used in farming or other agriculture. This branch is considered to be part of the machinery industry.

References

  1. "Daedong Corp000490.KS". reuters.com. Retrieved 2021-08-20.
  2. "Daedong Corp". bloomberg.com. Retrieved 2021-08-20.
  3. "대동 70년". www.kamnews.co.kr/news (in Korean). Retrieved 2021-08-20.
  4. "Kioti UK Ltd". www.aea.uk.com. Retrieved 2021-08-20.
  5. "Tractor maker Kioti unveils its first CTL and skid steer". www.equipmentworld.com. Retrieved 2021-08-20.
  6. "Daedong Corporation (000490.KS)". www.finance.yahoo.com. Retrieved 2021-08-20.
  7. "KIOTI France Selects ARI's eCatalog Solutions to Support Its Dealers". www.arinet.nl/news. Retrieved 2021-08-20.
  8. "Kioti parts catalog". AGA Parts. Retrieved 2021-11-24.