Teijin acquire automotive composite supplier in Portugal

Teijin to acquire automotive composite supplier in Portugal

5:32 AM, 23rd August 2018
Teijin logo

TOKYO, JAPAN: Teijin Limited has agreed to acquire Inapal Plasticos SA (Inapal), a leading automotive composite supplier in Portugal. The shares of Inapal will be purchased by Teijin Holdings Netherlands BV, the Teijin Group's holding company in the Netherlands.

The acquisition was completed at the beginning of August 2018.

Inapal, headquartered in Leca do Balio, Porto, Portugal, 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 underbody components using a variety of materials and processes, including sheet moulding compound (SMC), carbon fibre SMC, pre-preg compression moulding (PCM), direct long fibre 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 business, Inapal supplies components to the heating and cooling industry, as well as passenger seating components to the bus and rail industries. 

Teijin expects its automotive composite business sales to reach approximately €1.7 billion ($2 billion) by 2030.  The company now has the ability to serve customers in most major regions of the world, including North America, Europe and Asia, and has established business with every major global automotive OEM.

Teijin will continue to enhance Inapal’s operations, developing expansion opportunities, investing in growth and creating value for all stakeholders, namely employees, partners and clients.

“We are leveraging our lightweight, strong, high-performance materials and integrated composite technologies as one of the key focus of the transformation strategies for our medium-term management plan. The acquisition of Continental Structural Plastics (CSP) positioned us as a Tier One supplier of high-performance composites to the global automotive market. In July, we announced the acquisition of Ziegler 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, including in Europe,” said Jun Suzuki, president and CEO, Teijin Limited.

“The addition of Inapal positions CSP well as a global leader in the lightweight composites industry. With this, we can truly say we are among the world’s largest suppliers of lightweight composite components to the automotive 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,” added Steve Rooney, CEO of CSP.

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