CTR

CTR (known as Central, Korean 센트랄, until April 2023) is a South Korean automotive parts manufacturer headquartered in Changwon, South Gyeongsang Province. The company specializes in chassis and suspension components. Its origins trace back to 1952, when founder Kang Yi-jun opened the trading firm Silla Sanghoe in Busan; Silla Iron Works was established in 1960 and Sinsin Manufacturing in 1962. On 5 February 1971, after securing investment from the Japanese company Nippon Chuo Jidosha (Japan Central Motors), the business was incorporated as Korea Central Motor Industry, registered in 1972 as a foreign-invested enterprise. In April 2023 the company changed its name from "주식회사 센트랄" (Central Co., Ltd.) to "주식회사 CTR" (CTR Co., Ltd.). In 2024 revenue reached about KRW 1.03 trillion and operating profit about KRW 74.3 billion. Its major shareholders are CTR Holdings (40.21%) and Kang Tae-ryong (22.37%), who serves as chief executive (대표이사). In 2025 the private equity firms Heimdall PE and Envisioning Partners invested KRW 70 billion. The group includes subsidiaries such as CTR Robotics, CTR Mobility, CTR Energy, CTR Eco Forging and CTR Holdings.