Teijin Acquires Portuguese Composite Materials Maker

August 22, 2018

Tokyo- Teijin Ltd. said Wednesday that it has completed the acquisition of Inapal Plasticos SA, a Portuguese composite materials maker that deals in automotive parts and other products, through a subsidiary.

Although the acquisition cost was not disclosed, the Japanese synthetic fiber maker is believed to have paid around 5 billion yen.

By making Inapal a wholly owned subsidiary, Teijin hopes to supply automobile exterior parts, such as door panels, to automakers in Europe.

Inapal processes composite materials that use glass fibers into products including exterior parts for automobiles. It logged sales of some 31.9 million euros for the business year that ended in December 2017.

"We aim to turn (Inapal) into not only a materials supplier but a parts supply partner," Akio Nakaishi, head of Teijin's composites business unit, told a press conference the same day. Jiji Press