CTR Central has opened its first European Technology Development Center in North Rhine-Westphalia. The Herzogenrath Technology Park will be the new location of the German subsidiary.
Central Corporation (CTR), a specialist in the production of steering systems and steering connections, is the second-largest Korean automotive supplier. CTR has been producing, buying and selling parts for the automotive industry since 1971. With the founding of the German subsidiary CTR Europe GmbH in the Herzogenrath Technology Park, the company is establishing its first research and development center in Europe. Tae Ryoung Kang, CEO of CTR Central, came from Korea especially for the opening. State Secretary Christoph Dammermann from the Ministry of Economic Affairs, Innovation, Digitization and Energy of the State of North Rhine-Westphalia has welcomed the company's commitment to North Rhine-Westphalia as a business location.
CTR employs around 2,100 people worldwide. 25% of employees are R&D professionals. The company's most important customers include BMW, Mercedes-Benz, GM, Ford and Tesla. CTR Europe will initially create ten new jobs at the Herzogenrath site.
There has been a connection between South Korea and NRW for many years: Since 1988, NRW has been the only German federal state to have its own international office in Seoul.