Teijin has announced that it’s completed the acquisition of Benet Automotive s.r.o. an automotive composite and component supplier in the Czech Republic.
The acquisition means Teijin will access the companies automotive composite technologies and further strengthen the companies solution development capabilities as a component supply partner of automotive OEM customers in Europe.
We are growing our automotive composites business with our proprietary lightweight, high-performance materials, and superior multi-material design capabilities served by our hubs in Europe, North America and Asia. Benet Automotive’s well-established technologies and sales channels will further enhance our capabilities as a tier-one automotive supplier and help spur further innovation. Akio Nakaishi, General Manager of Teijin’s Composites Business Unit
Teijin is targeting automotive composite business sales of approximately EUR 1.7 billion (USD 2 billion) by 2030.