TIRAYUTECH-Central Establish Mobility Solutions Joint Venture

On the 8th, Yoon Yong-ho, CEO of Central (left), and Kim Jeong-ha, CEO of Tirayutek, are taking a commemorative photo after signing an agreement to establish a joint venture specializing in mobility solutions.

[Asia Economy Reporter Geum Bo-ryeong] TIRAYUTECH is partnering with Central to establish a joint venture specializing in mobility solutions.

TIRAYUTECH announced on the 9th that it signed an agreement on the 8th to establish an IT-specialized joint venture with Central, an automotive parts company.

The joint venture plans to focus on software consulting, development, and supply. It will consolidate 4th industrial revolution technologies to provide proprietary smart factory solution services.

Central is a company that manufactures key automotive parts such as steering, suspension, and drive components. Founded in 1971, it has grown into a company with independent technological capabilities and a global network. It supplies key parts to Hyundai Kia Motors, Mercedes-Benz, BMW, Ford, and others.

A TIRAYUTECH official said, "Through this joint venture investment, we will secure smart factory competitiveness suitable for the 4th industrial revolution era," adding, "We expect to develop mobility smart factory solutions that can flexibly respond to the automotive industry and related industries, and expand into a business based on IT solutions specialized for the industry."

This content was produced with the assistance of AI translation services.