Continental and Mitsubishi Pen MOU for Carbon Fiber Components Development

Continental Structural Plastics (CSP) has recently penned a memorandum of understanding (MOU) with Mitsubishi Rayon concerning the development and production of advanced carbon fiber structural components for the automotive industry in North America.

Under the MOU, CSP and MRC agreed to conduct detailed studies through which they aim to validate the establishment of an equity-based joint venture. Particularly, the new joint venture will manufacture compression molded components made from carbon fiber reinforced plastic materials, which could include Pre-preg carbon fiber Compression Molding (PCM) and/or carbon fiber sheet molded compound (SMC).

These components will comprise Class A body panels, as well as non-class A structural automotive applications including radiator supports; engine cradles or supports; bumper beams; frames and rails; intrusion beams and door inners; and underbody shields.

In a statement, CSP, chairman and CEO, Frank Macher said that the deal represents a huge opportunity for them to work collaboratively with one of the largest manufacturers of carbon fiber in the world to present a new generation of lightweight components for the auto industry. He noted that the expertise existing between their two companies would enable them to develop and bring to market carbon fiber components that are cost-effective for mass production.

Meanwhile, MRC, composite products pision, general manager, Akira Nakagoshi, said that by working together with Continental Structural Plastics, they get access to huge 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.”