Teijin acquires Benet Automotive
Teijin has completed the acquisition of composite and component supplier, Benet Automotive in the Czech Republic.
Teijin will leverage Benet's involvement in existing development projects with material and moulding technologies. The supplier is targeting automotive composite business sales of around EUR1.7bn by 2030.
«We are growing our automotive composites business with our proprietary lightweight, high-performance materials and multi-material design capabilities served by our hubs in Europe, North America and Asia. Benet Automotive's well-established technologies and sales channels will enhance our capabilities as a tier-one automotive supplier and help spur innovation» said Teijin Composites Business Unit general manager, Akio Nakaishi.