What CITT does

CITT Inc. (주)씨아이티티 is a privately held South Korean industrial manufacturer founded in 1984 (originally as 천인기공 / Chunin Engineering, renamed CITT in 2019), operating through four divisions out of three Korean factories. The Motor Department (Incheon) produces special motors for elevators, including PM gearless traction machines, geared traction motors, PM door motors, three-phase induction motors, and ventilation system motors for HVAC applications. The Extrusion Department (Hwaseong) manufactures aluminum extruded products across automotive (evaporator/condenser tubes, refrigerant/power steering lines), electronics and home appliances (heat sinks, CPU coolers, OPC drum tubes, refrigerator evaporators), industrial/construction (valves, pipes, frames), defense (ammunition parts, aircraft structures, armored vehicle materials), and leisure/lifestyle (fishing reels, tent poles, bicycle frames). The ESCO Department (Gimpo) provides a proprietary silver ion (Ag) spray coating technology that produces mirror-like surface finishes as an alternative to traditional plating, structured as a four-layer system tuned by frequency band for electromagnetic shielding applications. The Green IoT Department offers IoT platforms (IPS), IoT devices/software (IDS), and other IoT services (IEB), positioning the company in Industry 4.0 themes without disclosed AI/ML depth.

The company's business model is direct B2B sales to enterprise OEM customers in automotive, electronics, elevator, defense, and industrial sectors, with manufacturing and distribution concentrated entirely in South Korea. The go-to-market relies on a Korean/English corporate website showcasing product catalogs and a single revenue-bearing pricing page; specific pricing, contract terms, and unit economics are not publicly disclosed. Revenue, headcount, ownership structure, and investor composition are not disclosed in the available sources; the company has no identified parent, no public listing, and no known institutional investors. Certifications (ISO9001 in 2002, CE for elevator motors in 2003 and three-phase induction motors in 2005) provide regulatory access for European markets, though actual export footprint beyond Korea is not documented. The company's customer base includes Korean OEMs across multiple verticals, with logos shown but not named on the extrusion and ESCO pages, and pricing for the motor business is partially disclosed through the website's product price page.

Name

CITT

Legal name

(주)씨아이티티

Website

https://citt.co.kr

Company type

Private

Founded year

1984

Operating status

Operating

Short description

CITT Inc. is a privately held South Korean industrial manufacturer founded in 1984, producing elevator motors, aluminum extruded components, and proprietary silver ion coatings through three domestic factories. It serves enterprise OEMs across automotive, electronics, elevator, defense, and EV verticals.

Ownership category

akta.pro rank

Product category

Electric Motors & Industrial Manufacturing

NAICS

Electrical Equipment, Appliance, and Component Manufacturing (335), Electrical Equipment Manufacturing (3353)

SIC

Motors & Generators (3621)

akta.pro primary industry

Automotive Electric Motors & Actuators Manufacturing (EPS/Brake-by-wire/Seat/Window) (IMACAJAL)

Keywords

• Electric motor manufacturing
• Aluminum extrusion products
• Silver ion coating
• Elevator traction motors
• Industrial IoT platforms

Headquarters

HQ city

Seongnam

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Distribution channels1 record

Marketing channels2 records

Core offering

CITT Inc. manufactures specialized electric motors (elevator traction machines, door motors, ventilation/HVAC motors), produces aluminum extruded components for automotive, electronics, defense, industrial, and leisure applications, and provides proprietary silver ion coating (ESCO) surface treatment technology. The company also operates a Green IoT division offering IoT platforms, devices, and software leveraging data analytics.

Product overview

CITT is a diversified manufacturing company with four distinct business divisions operating as separate product lines. The Motor Department produces special motors for elevators (PM Gearless Traction Machine, Geared Traction Motor), door motors (Permanent Magnet Door Motor, Three Phase Induction Motors), and ventilation system motors (ceiling fans, cross-flow fans, air shower fans, fan coil units). The Extrusion Department manufactures aluminum products across five categories: automotive (Evaporator, Condenser Tube), electrical/electronic (Heat Sink, CPU Cooler), industrial machinery/construction, defense/special materials, and leisure/lifestyle products. The ESCO Department provides silver ion coating technology as a surface treatment solution replacing traditional plating. The Green IoT Department offers IoT solutions through three sub-brands: IPS (IoT Platform & Service), IDS (IoT Device & Software), and IEB (IoT Etc Business).

Differentiator

Problem solved

Functional benefit

Products and services

• Elevator Motor

Named customers4 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators3 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Hyundai Elevator: Korean elevator manufacturer and one of the largest elevator OEMs in Korea. Direct customer and peer to CITT's elevator motor business, both serving the Korean elevator market with overlapping product categories (traction machines, door motors).
• Yaskawa Electric: Japanese manufacturer of industrial motors, servo motors, and AC drives - a direct comparable to CITT's motor manufacturing capability, particularly for PM and induction motors targeting elevator, HVAC, and industrial automation applications.
• LS Electric: Korean manufacturer of electric equipment and motors (formerly LS Industrial Systems). Competes with CITT in the Korean industrial motor market and shares similar customer base in industrial automation and HVAC applications.
• Sungwoo Hitech: Korean automotive parts manufacturer specializing in aluminum die-casting and extrusion components for vehicles. Direct peer to CITT's automotive aluminum extrusion business (heat exchangers, condenser tubes, structural parts) serving Korean and global auto OEMs.

Broad incumbents

• Mitsubishi Electric: Global electrical equipment manufacturer with substantial elevator motor and industrial motor divisions. Comparable to CITT across motors and broader electrical equipment, but at vastly larger scale and with a global footprint.
• Otis Worldwide: Global elevator OEM and service provider with in-house motor manufacturing. Comparable to CITT on elevator motors and traction machines, though Otis is primarily an OEM/aftermarket service business rather than a component supplier.
• ABB: Swiss-Swedish multinational producing industrial motors, drives, and electrical equipment. Comparable to CITT in industrial motor manufacturing and broader electrical equipment categories, though at global scale with a diversified portfolio.
• Nippon Light Metal: Japanese aluminum manufacturer producing extruded and rolled aluminum products across automotive, construction, and industrial markets. Comparable to CITT's aluminum extrusion portfolio though at significantly larger scale and broader product breadth.
• Kobe Steel: Japanese steel and aluminum producer with substantial aluminum extrusion and automotive aluminum parts operations. Comparable to CITT's automotive and industrial aluminum extrusion business, with overlapping customers in Japanese and Korean OEMs.
• Hyundai Mobis: Korean Tier-1 automotive supplier and a potential competitor to CITT's EV motor entry. Comparable in targeting Korean automotive OEMs with EV components, though at vastly larger scale with full vehicle system integration capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CITT