In January, TEEYER's predecessor, No. 3 Machinery Factory of Changzhou Forestry Engineering Machinery Industrial Company was formally established.
In January, the company changed its name to Changzhou Teeyer Engineering Machinery Co., Ltd.
In August, Changzhou Teeyer Engineering Machinery Co., Ltd. was renamed to Vlangoi Teeyer Engineering Machinery Co., Ltd.
In December, Jiangsu Teeyer completed the reform of shareholding system, and was renamed to Jiangsu Teeyer Intelligent Equipment Co., Ltd.
In May, TEEYER was officially listed on the National SME Share Transfer System.
Actively prepare for listing application (IPO)
TEEYER started with ancillary business for forestry machinery, gradually developed to construction machinery as the main business.
TEEYER joined in China Aerated Concrete Association. With self-efforts and supports from all parties, TEEYER took the lead in achieving localization of AAC cutting equipment, breaking the previous situation of completely replying on imports, contributing to AAC industry development.
On the basis of absorbing and drawing lessons from foreign advanced technology, TEEYER developed the first China-made fully automatic AAC panel production line with completely independent technology property rights, once again standing out as the "first person" panel production technology localization.
After ten years of painstaking research and careful cultivation, AAC business proportion increases to over 50%, keeping pace with construction machinery business, supports TEEYER development together.
After a long-term stable development, AAC business has accounted for more than 80% of the revenue, becoming Teeyer's leading product.
TEEYER, known as the leading enterprise in AAC industry, has cumulatively completed more than 1000 sets of AAC production lines successfully, exported nearly 150 production lines to over 20 countries and regions, accumulates abundant experiences in overseas sales and setting up AAC plants.