Teijin says the combination of CSP’s thermoset GFRP capabilities and Teijin’s high-performance composites, such as carbon fiber reinforced thermoplastic (CFRTP), will help reduce weight and component count in finished products. The company believes that will offer automakers solutions that meet their requirements for more environmentally friendly components at lower cost.
Teijin says it will also utilize CSP’s European Center for Advanced Technology in France and Teijin’s own composite production facilities to enhance its global development capabilities, allowing the combined business to better address the requirements of European, Japanese and Asian automakers.
“We are confident that the platform for automotive composite products business we will gain through the acquisition of CSP’s complementary technical expertise in thermoset composites and GFRP know-how will trigger further development of our integrated high-performance materials business, one of our key strategic fields,” said Jun Suzuki, President and CEO of Teijin Limited.
