First Tractor Company Ltd

Detailed Description

First Tractor Company Limited engages in the research and development, manufacture, and sale of agricultural and power machinery, and related spare parts worldwide. It operates through three divisions: Agricultural Machinery, Power Machinery, and Finance. The company offers wheeled and crawler tractors, and its components, such as castings, gears, gear boxes, and covers; and off-road diesel engines, as well as accessory parts, including fuel injection pumps and fuel injectors. It also engages in fund settlement, fund raising, financing, and other financial activities; and the processing and sale of rough and semi-finished, and finished products of castings and forging products. In addition, the company accepts deposits; and provides loans, finance lease, bill acceptance and discounting, entrusting loans, and investments to member companies, as well as equity and portfolio investment in financial institutions as approved; and consumer credit service, buyer's credit, and finance lease for products of member companies and inter-bank borrowing and lending. First Tractor Company Limited markets its products to approximately 140 countries and regions. The company was formerly known as First Tractor Works of China. The company was founded in 1955 and is based in Luoyang, China.