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        IMA

Teijin sets up auto centre in Germany

Teijin sets up auto centre in Germany

Japan’s Teijin Ltd says it has set up the Teijin Automotive Centre Europe (TACE) in Wuppertal, Germany, as a new base for technical functions within the company’s automotive composite business. It will handle concept, designing, prototyping, evaluations, marketing and technical research for next-generation automotive components, utilising Teijin Group’s capabilities to provide multi-material solutions for next-generation vehicles. 

TACE will enable Teijin to strengthen and advance its solution capabilities by establishing a strong platform for collaboration within its European automotive composite bases. It is expected to speed up concept, designing, prototyping and the evaluation of technological proposals developed by each base. Later, TACE will develop marketing and research functions to explore opportunities for new technologies and M&A, aiming to accelerate joint development with European automakers and respond to demands for greater design freedom, productivity and cost efficiency as well as weight reduction and strength. At the same time, the company will pursue opportunities to establish bases for automotive composite technical functions in the USA and China to satisfy demands in these markets to strive to steadily strengthen its position as a global solution provider. 

Backed by such initiatives, Teijin is targeting automotive composite business sales of approximately EUR1.7 billion by 2030.

Amid the ongoing shift toward Connected, Autonomous, Shared, and Electric (CASE) automobiles, the automotive industry is urgently transforming its business models to realise more lightweight and multifunctional next-generation vehicles. 

Teijin acquired Continental Structural Plastics (CSP) in 2017 to become a Tier 1 supplier focused on multi-material automotive composite. In Europe, CSP’s French operation will open a new sheet moulding compound plant and Teijin has acquired leading automotive-composite suppliers Inapal Plásticos SA of Portugal and Benet Automotive of Czech Republic.

To leverage these recent moves, Teijin says it has now decided to further strengthen its multi-material capabilities in Europe and organically link the development and marketing functions of its European automotive composite bases to satisfy automakers’ demands in the forthcoming CASE era.


(IMA)


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