Native name 中国一拖集团有限公司 Area served Worldwide Headquarters Luoyang, China | Type Subsidiary Website YTO China
YTO Global Founded 1955 | |
Predecessor China First Tractor Company Products Agriculture machinery, tractors Parent organization China National Machinery Industry Corporation Subsidiaries YTO (Luoyang) Building & Construction Machinery Company Limited | ||
The YTO Group Corporation is a Chinese agriculture and construction machinery manufacturer that is part of Sinomach, a comprehensive machinery conglomerate. Although composed of many subsidiaries and divisions that manufacture a range of products including agricultural tractors, engines, combine harvesters and trucks, the company is best known for farming equipment. The company was founded in 1955 is the largest manufacturer of tractors in China. A subsidiary of the company operates under the name China First Tractor.
Contents
YTO (Luoyang) Diesel Engine Co., Ltd. is a joint venture for the manufacture of engines.
History
Prior to using the YTO brand, the tractors and engines were marketed under the brand Dongfanghong (DFH; Chinese: 东方红; pinyin: Dōng Fāng Hóng; literally: "The East is Red"). In the 1980s and 1990s, Fiat began to assist First Tractor Company with technology for engines and tractors.
In 2005, AGCO announced they were in discussions with First Tractor Company to establish a joint venture to manufacture tractors between 40-100 horsepower. Although the joint venture never materialized, YTO and AGCO still cooperated by manufacturing tractors based on a Valtra (owned by AGCO) design.
The company has been keen on making a presence in international markets through establishing overseas factories and sales networks. In March 2013, the company scored a large export order when Ethiopia purchased $100 million worth of tractors.