TYM Groups North American subsidiaries, TYM-USA and Branson, has announced plans to invest more than $20 million in its U.S. manufacturing facility in Georgia, as well as expanding annual production by 20,000 units.
The company plans to build a 142,500 sq.-ft., factory equipped with the latest manufacturing technology on TYM's 900,000 sq.-ft., factory grounds in Rome, Ga. The expansion of current parts center and the establishment of the TYM Technology Institute for service education is included in the investment plan. TYM officials say the company completed negotiations with the Georgia state officials and that it will begin the factory design work in May, with the goal of completion in June 2023.
"We expect to create more than 150 jobs within the state of Georgia through this investment," a TYM representative says.
TYM, which currently has production facilities in four states in the United States, plans to increase its annual tractor production in North America from 30,000 to 50,000 units through this newest investment plan. In addition, TYM says it will establish assembly lines for local tractor production in North America by expanding its current Semi Knock Down (SKD) assembly lines into Complete Knock Down (CKD) facilities. TYM also plans to 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 total manufacturing market share of more than 10 percent in the North American tractor market under 100HP.