South Korean CTR Opens Technology Center in Germany

Central Corporation (CTR), a specialist in the production of steering systems and connections, has opened its first European Technology Center in North Rhine-Westphalia, in the Hezogenrath Technology Park near Aachen.

In doing so, the second-largest South Korean automotive supplier – with customers including BMW, Mercedes-Benz, GM, Ford and Tesla – will be establishing its first R&D center in Europe. The CTR Europe GmbH subsidiary will initially create 10 new jobs.