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Mitsubishi buys German automotive composite-part supplier

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Japanese materials organisation Mitsubishi Rayon Co. Ltd. (MRC) has acquired a infancy interest in Wethje Holding GmbH, a German writer of carbon-fiber-reinforced plastics (CFRP) for a automobile market.

Wethje now is owned by Austrian industrial form Cross Industries AG. No squeeze cost for a 51 percent interest in Wethje that MRC is shopping was enclosed in an Aug. 15 news recover announcing a deal.

Cross — formed in Wels, Austria — employs 3,900 and posted sales of some-more than $1.1 billion in 2013. Separate worker and sales totals for Hengersberg, Germany-based Wethje were unavailable.

In a release, officials with Tokyo-based MRC pronounced that a European automobile industry, with a innovative core in Germany, “moves towards a full-scale adoption of CFRP parts.”

As an example, officials cited BMW’s i3 electric vehicle, that uses CFRP tools for a finish car structure.

“This development, together with stricter environmental policies, means a serve clever pull towards an augmenting use of CFRP record within a automotive industry,” they said.

Wethje was founded in 1979 and uses both autoclave record on tiny scale prolongation and RTM record for mid-scale sequence production, MRC officials said, adding that MRC “will build a plain partnership with Cross by jointly owning Wethje on a long-term basis.”

MRC will use Wethje as a growth and prolongation bottom for CFRP tools and will serve strengthen a supply sequence of a CO fiber intermediates business for automobile applications in Europe, officials said.

MRC employs some-more than 9,000 worldwide. Its cosmetic products embody acrylic creosote and sheet.

<!– Japanese materials organisation Mitsubishi Rayon Co. Ltd. (MRC) has acquired a infancy interest in Wethje Holding GmbH, a German writer of carbon-fiber-reinforced plastics (CFRP) for a automobile market.

Wethje now is owned by Austrian industrial form Cross Industries AG. No squeeze cost for a 51 percent interest in Wethje that MRC is shopping was enclosed in an Aug. 15 news recover announcing a deal.

Cross formed in Wels, Austria employs 3,900 and posted sales of some-more than $1.1 billion in 2013. Separate worker and sales totals for Hengersberg, Germany-based Wethje were unavailable.

In a release, officials with Tokyo-based MRC pronounced that a European automobile industry, with a innovative core in Germany, moves towards a full-scale adoption of CFRP parts.

As an example, officials cited BMWs i3 electric vehicle, that uses CFRP tools for a finish car structure.

This development, together with stricter environmental policies, means a serve clever pull towards an augmenting use of CFRP record within a automotive industry, they said.

Wethje was founded in 1979 and uses both autoclave record on tiny scale prolongation and RTM record for mid-scale sequence production, MRC officials said, adding that MRC will build a plain partnership with Cross by jointly owning Wethje on a long-term basis.

MRC will use Wethje as a growth and prolongation bottom for CFRP tools and will serve strengthen a supply sequence of a CO fiber intermediates business for automobile applications in Europe, officials said.

MRC employs some-more than 9,000 worldwide. Its cosmetic products embody acrylic creosote and sheet.
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Article source: http://www.plasticsnews.com/article/20140815/NEWS/140819924/mitsubishi-buys-german-automotive-composite-part-supplier

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