LS

CEO of LS Mtron Chai-ho Shin (seventh from the left) and other executives at the completion ceremony for the Parts & Solution (PS) Center, which will serve as the advance base for tractor parts business of LS Mtron.

CEO of LS Mtron Chai-ho Shin (fourth from the left) cutting the tape with other executives at the completion ceremony for the Parts & Solution (PS) Center, which will serve as the advance base for the tractor parts business of LS Mtron.

■ Building complex with total area of 2,700 pyeong consisting of four building units on a lot of 7,400 pyeong in Wanju-gun, Jeollabuk-do
■ System spanning across four areas of business, including tractors, engines, farm machinery, and parts, established as a foundation for rapid growth in the future 
■ CEO of LS Mtron Chai-ho Shin: "The PS Center will serve as the advance base for the parts business of LS Mtron and accelerate the growth of our tractor business."

On December 19, LS Mtron (CEO Chai-ho Shin), the industrial machinery and advanced parts manufacturer of LS Group, revealed that the company has completed the LS Mtron Parts & Solution (PS) Center to build a global distribution system and accelerate business growth.

The LS Mtron PS Center consists of a building complex with a total area of 2,700 pyeong on a lot of 7,400 pyeong located in Wanju-gun, Jeollabuk-do. LS Mtron renovated the existing parts center within the LS Mtron tractor factory, which became the new PS Center, following growth in its tractor business.

LS Mtron is planning to further develop its distribution systems between overseas corporations in the US, Brazil, China, and other locations to grow them and incorporate them into its global parts business.

LS Mtron concluded an agreement for joint investment in farm machinery with Woongjin Machinery in June and completed the parts center to establish a system across four areas of business: tractors, engines, farm machinery, and parts.

CEO of LS Mtron Chai-ho Shin stated, “The importance of the parts business is growing as the growth trend of LS tractors accelerates in the global agricultural machine market.” He continued, “The PS Center will serve as the advance base for the parts business of LS Mtron, and we will further establish a service system that can satisfy our global tractor customers and accelerate the growth of our tractor business.”