Teijin Expanding Lightweighting Reach

By on September 30, 2019 in IN THE NEWS, MATERIAL MATTERS

Japanese company Teijin Limited is acquiring Benet Automotive s.r.o., a leading automotive composite and component supplier in the Czech Republic, from Jet Investment for undisclosed terms.

Benet, headquartered in Mlada Boleslav, Czech Republic, is a Tier One supplier of composite components to the automotive industry, offering advanced technologies for carbon fiber reinforced and glass fiber reinforced plastic molding. The company specializes in reinforced reaction injection molding (RRIM), a low-pressure process using polyurethane, and both conventional autoclave and resin transfer molding (RTM). Benet serves European automotive OEMs including Volkswagen, Mercedes, BMW, Audi and Skoda.

Teijin is growing its automotive composites business with proprietary lightweight, high-performance materials to become a multi-material component supply partner of automotive OEM customers served by Teijin hubs in Europe, North America and Asia. Teijin acquired Inapal Plásticos SA, a leading automotive-composite supplier in Portugal, in August 2018 and is installing a glass- and carbon-fiber sheet-molding-compound (GF-SMC and CF-SMC) line in the French facility of Continental Structural Plastics (CSP), a world leader in automotive composites based in North America, which Teijin acquired in January 2017.