Composites World / NetComposites

Connecting you to the composites industry


NetComposites Ltd has transferred the rights and ownership of this website to Gardner Business Media Inc.

On 1st January 2020, NetComposites' media assets including, newsletters and conferences were transferred to Composites World (Gardner Business Media).

This site is no longer being updated. Please direct all enquiries to

For further details see our joint press release.

Teijin to Acquire Continental Structural Plastics

  • Tuesday, 13th September 2016
  • Reading time: about 4 minutes

Teijin has announced that it has agreed to acquire Continental Structural Plastics Holdings Corporation (CSP) for USD 825 million.

CSP will become a wholly owned subsidiary of Teijin and through this acquisition, it explains that it intends to establish the foundations of an automotive composite products business in North America, and to accelerate its expansion as a tier 1 supplier of high-performance composites to the global automotive market.

The shares of CSP will be purchased by Teijin Holdings USA Inc., the Teijin Group’s holding company in the US. The acquisition is scheduled to be completed in December 2016 after satisfaction of customary closing conditions, including regulatory approval.

Teijin explains that CSP manufactures thermoset composites in the automotive industry and is the world’s largest sheet moulding compound (SMC) manufacturer for automakers. Since its establishment in 1969, CSP has provided leading-edge technologies in lightweight materials and composite solutions such as glass fibre reinforced plastic (GFRP) for the automotive industry. Headquartered in Auburn Hills, Michigan, US, CSP provides full-service engineering support, and holds more than 50 patents covering materials development and manufacturing processes in composite materials formulation and design.Its Class A surfaces produced by its SMC technology have been adopted by various automakers in the US, Europe and Japan and has 14 facilities in the US, Mexico, France and China and approximately 3,200 employees. It posted consolidated sales of over USD 634 million in the fiscal year ending December 31, 2015.

Teijin says that it will benefit from CSP’s established sales channels in the North American automotive market, which will enable the combined business to provide a broader range of solutions that meet automakers’ demands for weight reduction and durability, utilising the company’s thermoplastic composite technologies.

According to Teijin, the integration of CSP’s technical expertise in thermoset composites and Teijin’s leadership in complementary thermoplastics creates significant synergies for comprehensive multi-material applications to meet diversified demands from the automotive industry. Through this transaction, Teijin says that it aims to become an automotive solution provider by expanding its offerings beyond carbon fibre and glass fibre materials, in collaboration with other materials manufacturers. Teijin intends to expand its product portfolio from materials to component design, implement a global supply chain and help achieve vehicle weight reductions in order to comply with tighter environmental regulations being introduced after 2020.

Teijin further explains that the combination of CSP’s thermoset capabilities, especially its GFRP technology, and Teijin’s high-performance composites, such as carbon fibre reinforced thermoplastic (CFRTP), will help reduce weight and component count in finished products. This will in turn improve recycling efficiency and offer automakers value-added solutions that meet their requirements for more environmentally friendly components at lower cost. Teijin says that it will also utilise CSP’s European Centre for Advanced Technology in France and its 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. The automotive composite products business of the Teijin Group is targeting annual sales of USD 2.0 billion by 2030.

Jun Suzuki, President and CEO of Teijin, commented, “Since being appointed as Teijin’s president in January 2014, I have pursued business models that help provide value-added solutions by combining and integrating our own materials, healthcare and IT technologies. 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.”

Suzuki added, “Utilising such synergy effects, and as outlined in our 2014 Transformation and Growth Strategies in Revised Medium-Term Management Plan, Teijin aims to provide consistent upstream-to-downstream solutions and realise one of the company’s growth concepts, which is high-performance materials technologies that create new value. The Teijin Group will continue to evolve, aiming to become a company that supports future society leveraging our core strengths in integrated high-performance materials and healthcare.”

According to Teijin it is implementing a solutions-oriented business model as part of its long-term management vision, with development of composite applications for mass-produced automotive components one of its priorities in the field of high-performance fibres. Environmental concerns such as CO2 emission reductions and improvements in fuel efficiency are now global issues; accelerated development of tough and lightweight eco-friendly composite components is therefore a pressing task in the automotive industry. Teijin says it is now focused on establishing a platform for business development in automotive composite products, aiming to provide a wider range of solutions for automakers.


For more information visit:

Share this article


Related News

Comments (0)

Leave your comment