INAPAL's production site in LEÇA DO BALIO, Portugal.
Inapal's shares were purchased by Teijin Holdings Netherlands B.V., the Dutch holding company of Teijin Group, and the transaction process was completed in early August, including regulatory approval.
Inapal is located in Porto, Portugal and is a Tier 1 supplier of composite parts for automobiles and heavy trucks. In 2017, Inapal had sales of 31.9 million Euros.
Its products include the production of Class A body panels, structural parts and chassis components using a variety of materials and processing techniques. Inapal's commonly used materials and processes include sheet molding compounds, carbon fiber sheet molding compounds, and prepreg compression molding ( PCM), long fiber thermoplastic (D-LFT), glass fiber reinforced thermoplastic (GMT), etc.
At present, Inapal has two production sites in Portugal, serving OEM manufacturers in Europe such as Jaguar, Land Rover, BMW, Mercedes, Volkswagen and Bentley.
In addition to the automotive and heavy truck business, Inapal supplies components for the heating and cooling industry, bus seats and train seats.
'We are upgrading Teijin's skills in lightweight, high-performance materials and integrated composite technologies, and these skills are key to future medium- and long-term strategic development,' said Jun Suzuki, President and CEO of Teijin Co., Ltd.
Jun Suzuki said, 'The acquisition of Inapal allows us to enhance the application of Teijin technology on a global scale and achieve a commitment to our stakeholders. We will achieve synergies by integrating the resources of CSP, Ziegler and Inapal. Teijin will be committed to becoming more Supplier of material parts. '
Teijin expects its automotive composites business to reach 1.7 billion euros by 2030. Teijin is currently able to serve most of the world's major automotive consumer markets such as North America, Europe and Asia, as well as with OEMs around the world.
In the last year or two, Teijin Group has expanded its global composites business through acquisitions, such as the acquisition of Continental Structural Plastics (CSP) in January 2017, and the acquisition of Germany's leading automotive interior materials in July 2018. Supplier JH Ziegler GmbH (Ziegler) .
These acquisitions facilitate resource integration and expand the global application of Teijin's advanced carbon fiber processing technology. For example, Teijin has developed the world's first Sereebo technology for mass production of carbon fiber reinforced thermoplastics and developed by Teijin Carbon Europe GmbH. TENAX Part via Preform (PvP). Promotion and application of technology.
PvP technology is a material processing technology that enables efficient production of carbon fiber thermoplastics. PvP technology has become a first-class technology for European automotive OEMs and is used in structural applications on current automotive production platforms. In the factory in the Pouancé region of Maine-et-Loire, France, it is announced that it will install a new carbon fiber sheet molding compound production line, which means that Teijin Group's award-winning composite technology can truly land in Europe. Customer service. The production line invested 5.1 million euros and is expected to be officially put into production in the third quarter of 2019, mainly producing fiberglass board molding composites.