OCT 2018


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NEWS 15 Teijin European Expansion Teijin Limited (Tokyo, Japan) announced Aug. 22 that it has agreed to acquire Inapal Plasticos SA (Le├ža do Balio, Porto, Portugal). Inapal is a Tier One supplier of composite components to the automotive and heavy truck industries. The company's capabilities include Class A body panels, structural and under- body components using a variety of materials and processes, including sheet molding compound (SMC), carbon fiber SMC, prepreg compression molding (PCM), direct long-fiber thermoplastic (D-LFT) and glass mat thermoplastic (GMT). The company has two manufacturing locations in Portugal serving a variety of European OEM customers including Jaguar, Land Rover, BMW, Mercedes, Volkswagen and Bentley. In addition to its automotive and heavy truck busi- ness, Inapal supplies components to the heating and cooling industry, as well as passenger seating compo- nents to the bus and rail industries. The company had sales of EUR 31.9 million (USD 37 million) in 2017. "We are leveraging our lightweight, strong, high- performance materials and integrated composite technologies as one of the key focuses of the trans- formation strategies for our medium-term manage- ment plan," says Jun Suzuki, president and CEO, Teijin Ltd. "The acquisition of Continental Structural Plastics [CSP, Auburn Hills, MI, US] positioned us as a Tier One supplier of high-performance composites to the global automotive market. In July, we announced the acquisition of J.H. Ziegler GmbH [Ziegler, Achern, Germany], a leading supplier of automotive interior materials in Germany. Now the acquisition of Inapal enables us to deliver on our promise to stakeholders to expand our technologies on a global basis, includ- ing in Europe. We will seek synergies by leveraging the business capabilities of CSP, Ziegler and Inapal to continue to grow as a supplier of multi-material components. It also enables us to demonstrate our commitment to evolve for future society as an enter- prise that delivers new value." "The addition of Inapal positions CSP well as a global leader in the lightweight composites industry," adds Steve Rooney, CEO of CSP. "With this, we can truly say we are among the world's largest suppliers of lightweight composite components to the auto- motive industry, we are strategically located to meet our customers' needs, and we're ready for the rapid changes that are taking place in the industry today." AUTOMOTIVE Teijin expands in Europe with Inapal acquisition

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