- Business
- Tongyang Inc. (001525.KS) manufactures and sells ready-mixed concrete and related construction materials in South Korea. The company produces and distributes core construction materials including ready-mixed concrete, aggregates, steel reinforcement, thermal insulation materials, tiles, sanitary wares, and plaster boards; it also undertakes housing construction for apartments, high-end residential facilities, and townhouses, civil engineering projects encompassing roads, harbors, and living facilities, as well as building and shopping complex construction and remodeling services for commercial real estate and apartments. Additionally, Tongyang Inc. provides infrastructure engineering services, such as designing, equipment supply, construction, and operation of cement plants, power plants, iron works, chemical plants, centrifugal and axial fans, blowers, and environmental equipment. Founded in 1955 and headquartered in Seoul, the company formerly known as Tongyang Major Corporation changed its name to Tongyang Inc. in March 2011 and maintains nationwide distribution networks primarily serving the South Korean construction sector.