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The Korea International Trade Association will collect exports in the second half of the previous year and the first half of the year to reward companies that have contributed to expanding overseas markets and export growth on every year’s Trade Day.
CTR will be awarded the Export Tower (over 300 million dollars) at the 59th Trade Day ceremony on 9th December. Expanding the AM business and eco-friendly product portfolios, the company recorded approximately 350 million dollars in exports from the second half of 2021 to the first half of 2022 with its competitiveness of product quality and services accepted by global customers, which means that CTR is overcoming unfavorable conditions during the COVID-19 pandemic. Exports in 2021 are about 138% of that in 2019, which indicates the company has been growing significantly despite the crises and showing its potential.
The company has been building its brand image with brand sites in nine languages and twenty-four social media channels to expand business in overseas markets and also trying to diversify exports by expanding its international business and targeting European markets with internalized international sales.
Innovative technology development and quality improvement are facilitated by the auto parts manufacturer. It finished commercializing an aluminum control arm for the first time in Korea and developed and mass-production of injection-type ball joints and hybrid S/Link for the first time in the world. Global EV companies and automotive makers acknowledge CTR’s products because of their quality and eco-friendliness. Not only certifications of IATF 16949, ISO 14001, and ISO 45001 but also the ECOVADIS Silver Medals awarded 3 years in a row qualify our company’s capability of quality and eco-friendly management.
Active exploration of overseas markets, technological development, networking, and quality improvement will not only lead to achieving an export volume of 400 million in 2023 but is also a realistic goal. It seems like we can see ourselves smiling together in the new leap forward.
Congratulations on Central's achievement of 300 million in exports in 2022, and thank you to all the members for their hard work.
Let's support each other to ensure that the goals we have pledged with our colleagues for the year of 2023, the year of the Tiger, are achieved successfully, and let's strive together towards new goals.
CTR, fighting!