- Business
- Tongyang Inc. (001529.KS) manufactures and distributes construction materials and provides related engineering and construction services in South Korea. The company produces and sells ready-mixed concrete, aggregates, PHC piles, cement; wholesales finishing materials including thermal insulation materials, tiles, sanitary wares, and plaster boards; and offers housing construction for apartments and townhouses, civil engineering for roads and harbors, commercial building projects, and real estate development, leasing, and remodeling services. It also engages in infrastructure engineering, specializing as South Korea's largest manufacturer of industrial fans and blowers for cement plants, power plants, iron works, and chemical plants, alongside air pollution prevention facilities and technical consulting. Founded in 1955 and headquartered in Seoul, the company operates a nationwide distribution network primarily serving domestic construction and industrial sectors, with manufacturing facilities including a major plant in Yesan-gun, Chungcheongnam-do. In recent developments, Tongyang Inc. provided KRW 30 billion in funding to Eugene Ent Co., Ltd. in 2024 and is expected to extend KRW 55 billion to Geum-Wang Fone Co., Ltd., reflecting ongoing financial support for strategic partners amid its focus on construction materials and infrastructure segments. The company, formerly known as Tongyang Major Corporation, rebranded to Tongyang Inc. in March 2011 to streamline its operations across these core businesses.