Plastics Industry News
繁體 | 简体
Technology
Applications
MAAG PUMP SYSTEMS AG
Main > Daily Market News > Article Content
| Print | Submit Article |
Last Page | More | Next Page
Keywords of this article:  automotive 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close
Envisioned demonstration and CAE experiments to be performed at TACE.
Envisioned demonstration and CAE experiments to be performed at TACE.

Teijin Limited announced that it would establish Teijin Automotive Center Europe GmbH (TACE) in Wuppertal, Germany in February as a new base for technical functions within the company’s automotive composite business.

The company will handle concept, designing, prototyping, evaluations, marketing and technical research for next-generation automotive components, utilizing the 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 the Teijin Group’s 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 US 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 1.7 billion (US$2 billion) by 2030.

To strengthen multi-material capabilities in the forthcoming CASE era

Amid the ongoing shift toward Connected, Autonomous, Shared, and Electric (CASE) automobiles, the automotive industry is urgently transforming its business models to realize 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 molding 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 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.

Related Articles  
Teijin completes acquisition of Benet Auto...
Teijin and AEV Robotics to co-develop ligh...
Teijin to acquire Benet Automotive to expa...
Mitsubishi Chemical to acquire German prep...
Solvay unveils DDF automated demonstrator ...
Full house at ENGEL Lightweight Future Day...
We are collecting readers' comment for improving our website. If you are willing to help, please CLICK HERE to complete a survey. Your comments matter.
Write a mail to the editor

Copyright © Adsale Publishing Limited. Any party needs to reprint any part of the content should get the written approval from Adsale Publishing Ltd and quote the source "China Plastic & Rubber Journal (CPRJ)", Adsale Plastics Website - www.AdsaleCPRJ.com. We reserve the right to take legal action against any party who reprints any part of this article without acknowledgement. For enquiry, please contact Editorial Department.  [Want to use this report?]
Name
Company Name
Job title
Email (will not be published)
Comment
Recent Comment
Legal Statement | Privacy Policy
Remarks: Publication of the comments is at editor's discretion.
Register a New Member
威猛巴顿菲尔机械设备(上海)有限公司
阿科玛(中国)投资有限公司上海分公司
广东伊之密精密机械股份有限公司
泰瑞机器股份有限公司
东华机械有限公司
裕克施乐塑料制品(太仓)有限公司
日钢注塑机維修(深圳)有限公司
富强鑫精密工业股份有限公司

Supplier Highlights
GUANGDONG YIZUMI PRECISION MACHINERY CO., LTD. MAAG AUTOMATIK PLASTICS MACHINERY (SHANGHAI) CO., LTD.
WELLTEC MACHINERY LTD.