Tongil Industries Company
The Tongil Industries Company Co., Ltd., ) "TIC" for short, is a South Korean heavy industry company headquartered in Changwon City, South Korea. TIC was founded in July, 1988 originally as the Jin Heung Machinery Co., Ltd. As of 2011, it comprises 4 business divisions; Machine tools, Ball Screws, Automobile Components and Heat Treatment. The Tongil Industries is a subsidiary of the TONGIL Group, a South Korean business conglomerate (chaebol) managed by Kook Jin “Justin” Moon, a U.S. citizen with a Korean ethnical background, who currently serves as Chairman of the group. The Tongil Industries currently have 3  locations; Korean headquarters, TIC-Europe (subsidiary in EU zone), and a US agent office. History. Excerpted from Certification and Quality Control. Excerpted from Machine Tool Division. TIC specializes in five types of grinding machines; universal cylindrical grinders, CNC cylindrical, angular grinders, 5 axis CNC tool grinders and special purpose grinding machines. The TIC brand is particularly known for its manual & NC O.D. cylindrical grinders in the South Korean market with 60% in domestic market share. With the aid of in-process gauging systems from Marposs, it is specified that the cylindrical grinders can achieve an accuracy of 1 micron. It  is broadly understood that the mechanism of the hydrodynamic spindle bearings, hydrostatic guideways in the X-axis and hand scraped guideways are the main attributes in accuracy of the cylindrical grinders. The company has recently made their debut of its manual & CNC cylindrical grinder under the brand name “TONGIL” during the EMO 2011 shows. It made its first presence in the European market in partnership with a German distributorship, Saeilo Germany. Ball Screw Division. TIC is the only domestic manufacturer in Korea (as of 2011) with the technological capability to produce high-precision ball screws from the level of C7  up to C3. The company built a technological affiliation in year 2003 and started an OEM relationship in year 2008 with the Koyo Machinery (a company of the JTEKT Corporation) of Japan and has continued business relationships ever since. Automobile Component & Heat Treatment. Builds transmission, commercial axle, independent suspension axle, carrier sub-assembly, ring & pinion, sun gears and other parts for Hyundai, Dymos, GM Daewoo, Ssangyong, S&T, Doosan, Oshkosh, Tagaz and other companies. Products. Machine Tools Ball Screws Automobile Components Product information excerpted from Recent Development. Reference Company Culture. As its subsidiary, TIC is driven by a uniformed policy and  management principle coherent to its parent entity, the TONGIL Group.