CTR CHINA’s new plant in Zhangjiagang, China, has been completed!

With the completion of the new plant, a grand completion ceremony for Plant 2 was held in Zhangjiagang, China, on Wednesday, September 4th. The event was attended by over 180 distinguished guests, including Han Wei, Secretary of the Zhangjiagang Municipal Party Committee, Wong Youyin, Deputy Mayor of the Zhangjiagang Municipal People's Government, Kim Keun-mo, Commercial Officer at the Korean Consulate General in Shanghai, Kang Sang-woo, Vice Chairman of CTR Group, and Yoon Yong-ho, CEO of CTR.

Along with the completion of this new plant, the facilities at the existing Plant 1 and the new Plant 2 have been restructured, transforming them into a specialized lightweight manufacturing facility.

Completion Ceremony Photos at CTR CHINA

CTR CHINA’s second plant was established on a site adjacent to the first plant, creating a foundation to meet the rapidly increasing customer demand and support business expansion. In particular, this expansion has significantly strengthened the company’s capabilities in the production of specialized lightweight materials and products.

The existing first plant is adding a 3,000-ton forging facility to its current setup and is actively considering a 6,500-ton forging facility. In the future, it plans to greatly increase production capacity by operating eight forging lines.

The newly completed second plant focuses on the assembly and production of steering and suspension components. With the addition of new equipment, it plans to operate a total of 34 assembly lines by 2025, maximizing production capacity.

CTR CHINA’s Second Plant Exterior

With this expansion, CTR CHINA has established a mass production system capable of producing 70 million parts annually by 2030, further solidifying its foothold in the global eco-friendly vehicle market. By integrating the first and second plants, the company has set a strategic goal to achieve up to KRW 470 billion in sales, targeting 130% growth in the Chinese market and over 200% growth in the global market.

Kim Jin-wook, the head of CTR CHINA, stated, “This plant expansion is a crucial stepping stone for strengthening CTR’s position in both the domestic Chinese and global eco-friendly vehicle markets. In particular, we aim to expand our market share through partnerships with major Chinese electric vehicle brands and enhance our expertise in lightweight technology to secure competitiveness in next-generation transportation markets such as flying cars, high-speed trains, and large electric trucks.”

Additionally, CTR CHINA is advancing towards becoming an intelligent plant by introducing automated warehouses and logistics automation systems. This investment in facilities is expected to play a key role in strengthening CTR’s global competitiveness and expanding its influence in the market.

CTR CHINA plant Interior

We cheer on CTR CHINA as it moves forward vigorously toward new goals, and we look forward to its continued growth. 

Please stay tuned for the bright future of the CTR Group, which will shine even more in the global market through relentless innovation and challenges!