who owns ls tractors

When it comes to tractors, LS Tractors is a well-known name in the agricultural industry. They are a South Korean tractor manufacturer that has been in business for over 40 years. LS Tractors is a subsidiary of LS Mtron, a company that specializes in the production of agricultural machinery, including tractors. However, the question that is on the mind of many farmers is, who owns LS Tractors?

LS Mtron

As mentioned earlier, LS Tractors is a subsidiary of LS Mtron. LS Mtron was formed in 2003 when LG Cable acquired LG Tractors and consolidated it with the other LG machinery businesses. In 2008, LS Mtron became a separate company after the LG Group was restructured. Currently, LS Mtron produces a wide range of agricultural machinery, including tractors, combine harvesters, and rice transplanters.

Daedong Industrial Co.

LS Tractors is a joint venture between LS Mtron and Daedong Industrial Co., Ltd. Daedong Industrial Co., Ltd. is a South Korean company that produces various types of machinery, including tractors, engines, and farm equipment. They are best known for producing the Kioti tractor brand, which is sold worldwide. Daedong Industrial Co. has been in business for over 70 years and produces over 200,000 tractors annually.

Tractor Supply Company

Tractor Supply Company is a well-known retail chain that specializes in selling farm and ranch-related products. They are the largest rural lifestyle retail store chain in the United States, with over 1,900 stores in 49 states. Tractor Supply Company is a major dealer for LS Tractors and offers a wide range of LS Tractor models. This partnership has helped LS Tractors increase their sales in the United States.

Lovol Heavy Industry Co.

LS Tractors has also partnered with Lovol Heavy Industry Co., a Chinese agricultural machinery manufacturer. This partnership has allowed LS Tractors to expand their market reach in Asia and Africa. Lovol Heavy Industry Co. produces a wide range of farming equipment, including tractors, combine harvesters, and other farm machinery. This partnership has helped LS Tractors become a global brand in the agricultural industry.

Conclusion

In conclusion, LS Tractors is a subsidiary of LS Mtron, a South Korean company that specializes in agricultural machinery production. LS Tractors is a joint venture between LS Mtron and Daedong Industrial Co., Ltd. LS Tractors has also partnered with Tractor Supply Company and Lovol Heavy Industry Co., which has helped them expand their market reach and increase their sales. Overall, LS Tractors is a global brand in the agricultural industry, and their partnerships have helped them become one of the leading tractor manufacturers in the world.