JEC COMPOSITES MAGAZINE - Issue #108 - October 2016 - 8

ln brief
Teijin to acquire Continental Structural Plastics USD 825 million

NEWS

PolyOne acquires Gordon Composites and Polystrand for USD 85.5 million

10
11

Owens Corning to invest $110 Million in India composites operations

Agenda
JEC Conferences 2016

NEWS in brief
friendly components at lower cost. Teijin will also utilize CSP's
European Center for Advanced Technology in France and
Teijin's own composite production facilities to enhance its global
development capabilities, allowing the combined business to
better address the requirements of European, Japanese and Asian
automakers. The automotive composite products business of the
Teijin Group is targeting annual sales of USD 2.0 billion by 2030.

Appointement

Joseph M. Gingo
appointed CEO and
President of A. Schulman
The Board of Directors of
A. Schulman announces
that Chairman Joseph M.
Gingo has been named
Chief Executive Officer and
president. Gingo had previously
served in this capacity from
2008 through 2014. According
to Gingo, the company will
undertake a comprehensive
review of its business plan, as
well as near- and longer-term
global end market trends. The

www.teijin.com - www.cspplastics.com

company intends to retain a
leading advisory firm to assist
in this review process.

Acquisition

www.aschulman.com

Teijin to acquire Continental
Structural Plastics USD 825 million
Continental Structural Plastics (CSP) will become a wholly
owned subsidiary of Teijin. Through this acquisition, Teijin intends to establish the foundations of an automotive composite
products business in North America, and to accelerate its expansion
as a tier 1 supplier of high-performance composites to the global automotive market.
CSP is a manufacturer of thermoset composites in the automotive
industry and is one of the world's largest sheet molding compound
(SMC) manufacturer for automakers. Since its establishment in
1969, CSP has provided technologies in lightweight materials and
composite solutions such as glass fiber reinforced plastic (GFRP)
for the automotive industry.
Teijin will benefit from CSP's established sales channels in the
North American automotive market, which will enable the
combined business to provide a broader range of solutions
that meet automakers' demands for weight reduction and durability,
utilizing the company's thermoplastic composite technologies.
The combination of CSP's thermoset capabilities, especially its
GFRP technology, and Teijin's high-performance composites such
as carbon fiber reinforced thermoplastic (CFRTP), will help reduce
weight and component count in finished products. This will in turn
improve recycling efficiency and offer automakers value-added
solutions that meet their requirements for more environmentally

jec composites magazine / No108 October 2016

PolyOne acquires Gordon
Composites and Polystrand
for USD 85.5 million
The provider of specialized polymer materials, services and
solutions, announces the acquisition of two specialty businesses from Gordon Holdings.
Gordon Composites, which
develops high strength profiles
and laminates for use in vertical
and crossbow archery, sports
and recreation equipment,
prosthetics, and office furniture
systems.
Polystrand operates on the leading edge of continuous reinforced thermoplastic composite

technology, a next generation
material science that delivers
the high strength and lightweight characteristics of composites, further enhanced with
the design flexibility to form
more complex shapes. Current
application usage includes materials for the aerospace, transportation, outdoor and security
and protection markets. Both
acquired businesses will join
PolyOne's existing portfolio of
complementary solutions in a
new comprehensive platform
to be called PolyOne Advanced
Composites.
www.polystrand.com

http://www.teijin.com http://www.cspplastics.com http://www.aschulman.com http://www.polystrand.com

Table of Contents for the Digital Edition of JEC COMPOSITES MAGAZINE - Issue #108 - October 2016