Information
6 Jungang-daero 228beon-gil, Seongsan-gu, Changwon-si, Gyeongsangnam-do, South Korea
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Overview
- Summary
- CTR is a global automotive parts manufacturing company specializing in suspension, steering, braking, and transmission components. The company provides products and innovative services for safe mobility. It continuously invests in eco-friendly technologies for future generations. CTR aims to be a core mobility company expanding its business areas based on key technologies and capabilities. Starting as Shinra Sanghoe in 1952, it has grown into a global enterprise with over 1.875 trillion KRW in annual sales as of 2023.CTR is a global automotive parts manufacturing company specializing in suspension, steering, braking, and transmission components. The company provides products and innovative services for safe mobility. It continuously invests in eco-friendly technologies for future generations. CTR aims to be a core mobility company expanding its business areas based on key technologies and capabilities. Starting as Shinra Sanghoe in 1952, it has grown into a global enterprise with over 1.875 trillion KRW in annual sales as of 2023.
- Key Products/Technologies
- A specialized manufacturer of automotive suspension and steering components.A specialized manufacturer of automotive suspension and steering components.
- A producer of ball joints, holding over 10% global market share.A producer of ball joints, holding over 10% global market share.
- A supplier of key suspension and steering parts including control arms and stabilizer links.A supplier of key suspension and steering parts including control arms and stabilizer links.
- A company pursuing new EV businesses such as EV battery pack cases, automotive HVAC refrigerant manifolds, and battery pack reuse and remanufacturing.A company pursuing new EV businesses such as EV battery pack cases, automotive HVAC refrigerant manifolds, and battery pack reuse and remanufacturing.
- Possessor of technology for the first successful domestic localization of steering system components.Possessor of technology for the first successful domestic localization of steering system components.
- Developer of the world's first non-cutting forming line for automotive ball joints.Developer of the world's first non-cutting forming line for automotive ball joints.
- Pioneer in the domestic development of aluminum forging technology for automotive suspension parts, contributing to lightweighting.Pioneer in the domestic development of aluminum forging technology for automotive suspension parts, contributing to lightweighting.
- First to apply upper caulking technology for outer ball joints, enhancing corrosion resistance, to domestic automobiles.First to apply upper caulking technology for outer ball joints, enhancing corrosion resistance, to domestic automobiles.
- Developer of mass production technology for ball screws for electrification.Developer of mass production technology for ball screws for electrification.
- Introducer of AI-based energy saving solutions to automotive parts forging processes.Introducer of AI-based energy saving solutions to automotive parts forging processes.
- Core Advantages
- A leading position aiming for top 3 globally in suspension and steering components for both OEM and aftermarket sectors.A leading position aiming for top 3 globally in suspension and steering components for both OEM and aftermarket sectors.
- Strong global market competitiveness with exports accounting for approximately 84.3% of 2023 sales.Strong global market competitiveness with exports accounting for approximately 84.3% of 2023 sales.
- Established strong partnerships with major global OEM clients including GM, Ford, and BMW.Established strong partnerships with major global OEM clients including GM, Ford, and BMW.
- Superior quality management capabilities, evidenced by the Nexteer Perfect Quality Award (0 customer defects in 2023).Superior quality management capabilities, evidenced by the Nexteer Perfect Quality Award (0 customer defects in 2023).
- Unique technological innovation, including the first domestic localization of steering components, the world's first non-cutting ball joint forming, and the first domestic aluminum forging technology for suspension.Unique technological innovation, including the first domestic localization of steering components, the world's first non-cutting ball joint forming, and the first domestic aluminum forging technology for suspension.
- Proactive response to future mobility market changes through EV component lightweighting, new item development, and battery industry investments.Proactive response to future mobility market changes through EV component lightweighting, new item development, and battery industry investments.
- Maximized manufacturing efficiency and real-time quality management through an AI-linked smart factory system.Maximized manufacturing efficiency and real-time quality management through an AI-linked smart factory system.
- An extensive global production and R&D network, including 11 country subsidiaries, 9 factories, 13 offices, and 6 research centers worldwide.An extensive global production and R&D network, including 11 country subsidiaries, 9 factories, 13 offices, and 6 research centers worldwide.
- Target Industrie
- Automotive industry (internal combustion engine vehicles and electric vehicles).Automotive industry (internal combustion engine vehicles and electric vehicles).
- Future mobility industry (EV-specific platforms, battery industry).Future mobility industry (EV-specific platforms, battery industry).
- Automotive aftermarket (supply of repair parts for vehicles).Automotive aftermarket (supply of repair parts for vehicles).
- Major Markets
- China, Southeast AsiaChina, Southeast Asia
- Germany, Poland, Throughout EuropeGermany, Poland, Throughout Europe
- United States, MexicoUnited States, Mexico
- Latin AmericaLatin America
- Certifications/Patents
- Recipient of the Nexteer Perfect Quality Award in 2024 (for 0 customer defects in 2023).Recipient of the Nexteer Perfect Quality Award in 2024 (for 0 customer defects in 2023).
- Awarded the 400 Million Dollar Export Tower in 2024 (following 100M in 2006, 200M in 2014, and 300M in 2022).Awarded the 400 Million Dollar Export Tower in 2024 (following 100M in 2006, 200M in 2014, and 300M in 2022).
- Patent registration for upper caulking technology, widely applied in domestic and international automobiles.Patent registration for upper caulking technology, widely applied in domestic and international automobiles.
- Achieved the first successful domestic localization of automotive steering system components.Achieved the first successful domestic localization of automotive steering system components.
- Established the world's first non-cutting forming line for automotive ball joints.Established the world's first non-cutting forming line for automotive ball joints.
- Successfully developed the first domestic aluminum forging technology for automotive suspension components.Successfully developed the first domestic aluminum forging technology for automotive suspension components.
Introduction
Location
6 Jungang-daero 228beon-gil, Seongsan-gu, Changwon-si, Gyeongsangnam-do, South Korea
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