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Strong demand for automotive composite materials, Teijin invested 10 million euros to build a GF-SMC production line in the Czech Republic

 Last Update: 2022-08-27
 Source: Internet
 Author: User

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On February 17, Teijin announced that it will invest 10 million euros to install a new fiberglass sheet molding compound (GF-SMC) production line at Benet Auto Parts

Located in the Milovice region of the Czech Republic, Benet is a Tier 1 supplier of composite parts for the automotive industry.
It was wholly-owned by Teijin in July 2019 and belongs to the Teijin Automotive Composites business

According to reports, this new GF-SMC production line will meet the needs of the automotive market for improved design freedom, productivity, cost efficiency and light weight, and Benet has received new orders from European and American automakers

Teijin said that as the automotive industry is moving towards the trend of the new four modernizations (electrification, networking, intelligence, and sharing), the automotive industry needs to quickly change its business model to meet the needs of the new generation of multi-functional, lightweight vehicles.
Automobile manufacturing

Teijin acquired Continental Structural Plastics Holdings (CSP) in January 2017 to become a Tier 1 supplier of automotive composites

In addition, in December 2020, CSP also established a cutting-edge technology development base in the United States to accelerate the development of next-generation technologies for composite molding materials for vehicles

Looking ahead, Teijin aims to achieve sales of about 1.
7 billion euros ($2 billion) in the automotive composites business by 2030, and will work hard to move in that direction

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