Automotive electronic component and sensor maker CTS Corp. will open a factory in the Czech Republic and start production by mid-2006, according to Reuters.
CTS reportedly said it expects its European sales to double over the next five years, and needs a facility close to its customers that also takes advantage of lower costs.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
