LS Mtron Completes 'PS Center' to Expand Tractor Parts Business

Shin Jae-ho President: "PS Center, Frontline Base for Parts Business"

Shin Jae-ho, President of LS Mtron (seventh from the left), and employees are taking a commemorative photo at the LS Mtron PS Center completion ceremony. / Photo by LS Mtron

[Asia Economy Reporter Kim Pyeonghwa] LS Mtron, an industrial machinery and advanced components company under LS Group, announced on the 19th that it has completed the LS Mtron PS (Parts & Solution) Center, which will serve as a turning point for expanding its tractor parts business to establish a global logistics system and accelerate growth in the tractor business.

The LS Mtron PS Center is located in Wanju-gun, Jeonbuk. It consists of four buildings with a total area of 2,700 pyeong on a site of 7,400 pyeong. This is a new parts center introduced as the LS Mtron tractor business grows, replacing the parts center previously located at the LS Mtron tractor factory.

LS Mtron plans to enhance the logistics system among its overseas subsidiaries in the United States, Brazil, China, and other regions to expand the scale of its parts business globally. Earlier, LS Mtron signed a joint investment contract with Woongjin Machinery for work equipment in June. With the completion of the parts center this time, LS Mtron plans to actively establish a four-pronged system consisting of the existing tractor and engine business along with work equipment and parts business.

Shin Jae-ho, President of LS Mtron, said, “As the growth of LS tractors accelerates in the global agricultural machinery market, the importance of the parts business is also gradually increasing, so the PS Center will serve as an outpost for LS Mtron’s parts business,” adding, “We will also accelerate the growth of the tractor business.”

This content was produced with the assistance of AI translation services.