Continental Structural Plastics (CSP) has announced it has signed a memorandum of understanding with Mitsubishi Rayon (MRC) regarding the development and manufacturing of innovative carbon fiber structural components for the automotive industry in North America.
Under the memorandum of understanding, CSP and MRC agreed to commence detailed studies through which the two companies intend to substantiate the establishment of an equity-based joint venture.
Specifically, the new joint venture will produce compression molded components made from carbon fiber reinforced plastic materials, which could include carbon fiber sheet molded compound (SMC) and/or Pre-preg carbon fiber Compression Molding (PCM).
These components will include Class A body panels, as well as non-class A structural automotive applications including: pillars; engine cradles or supports; radiator supports; frames and rails; bumper beams; underbody shields; door inners and intrusion beams.
CSP, chairman and CEO, Frank Macher said: "This agreement represents a tremendous opportunity for us to work jointly with one of the world's largest manufacturers of carbon fiber to introduce a new generation of lightweight components for the auto industry."
"The expertise that exists between our two companies will enable us to develop and bring to market carbon fiber components that are cost-effective for mass production."
MRC, composite products division, general manager, Akira Nakagoshi said: "By working together with Continental Structural Plastics, we gain access to tremendous expertise in composites, and in developing structural applications for light vehicles."
"We look forward to the opportunity to further expand MRC's composite material technologies among automakers in North America, and are hopeful for creating better relationships among people, society, and our planet."
