Description

First Tractor Company Limited, originally known as First Tractor Works of China upon its establishment in 1955, is based in Luoyang, China. This global enterprise focuses on the design, production, and international commercialization of farming and industrial power equipment, alongside their related spare parts. The company operates through three primary segments: Agricultural Machinery, Power Machinery, and Finance. Its industrial output encompasses a wide array of wheeled and tracked tractors, as well as essential components like castings, forgings, gears, gearboxes, and various covers. Furthermore, it manufactures sturdy off-road diesel engines and their ancillary parts, such as fuel injection pumps and injectors. Beyond its manufacturing activities, First Tractor offers extensive financial solutions via its Finance division. This unit is responsible for fund clearing and provides a spectrum of financial services, including the processing and distribution of raw, partially finished, and completed casting and forging products. Its financial portfolio is comprehensive, featuring diverse credit and investment vehicles like loans, finance leases, bill acceptance and discounting, and entrusting loans for its affiliated businesses. The division also undertakes strategic equity and portfolio investments in approved financial institutions. Additionally, it furnishes consumer and buyer's credit, provides finance leasing for products from its group entities, and actively participates in inter-bank borrowing and lending.