Teijin Acquires Benet Automotive

August 02 2019

Teijin Limited has completed the acquisition of Benet Automotive s.r.o. (Benet), a leading automotive composite and component supplier in the Czech Republic, from Jet Investment. The acquisition was completed on August 30, Central European Time.

Teijin will benefit from Benet's automotive composite technologies and its well-proven supply record; these will serve as a solid foundation on which to further strengthen Teijin's solution development capabilities as a component supply partner of automotive OEM customers in Europe. As part of its multi-material strategy to offer innovative automotive composite solutions that meet customers' future needs for lightness, toughness, design flexibility, productivity and cost-efficiency, Teijin will leverage Benet's involvement in existing development projects with outstanding material and molding technologies and technical team members of Teijin, Continental Structural Plastics, a world leader in automotive composites based in North America which Teijin acquired in 2017 and Inapal Plasticos SA, a leading automotive-composite supplier in Portugal which Teijin acquired in 2018.

Teijin is targeting automotive composite business sales of approximately EUR 1.7 billion (USD 2 billion) by 2030.

For identifying growth opportunities for composites in the North American automotive market, please visit http://www.lucintel.com/north_american_automotive_composites_16.aspx

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