Germany: Business Strategy Mitsubishi Chemical to Take-Over German Carbon Fiber Prepreg Manufacturer
Mitsubishi Chemical Corporation has plans to enhance its carbon fiber composite material business with the acquisition of the c-m-p firm. The Japanese company will also possess prepreg plants in Europe, USA and Japan via this deal.
Germany – Mitsubishi Chemical Corporation (MCC) has recently announced that it will acquire a German Carbon Fiber Prepreg Manufacturer, c-m-p through its subsidiary, Mitsubishi Chemical Advanced Material in a move to strengthen its presence in the carbon fiber composite material business. The closing of the acquisition will be in February 2020.
C-m-p has superior production technology of unidirectional /fabric prepreg and provides solutions to various markets, particularly in the aerospace and automotive fields. With this acquisition, MCC will have prepreg plants in Europe, USA and Japan. In addition to the start-up of MCC’s sheet molding compound (SMC) production facility in Modena, Italy, MCC will enhance its capacity to produce carbon fiber composite materials in Europe, where the mobility markets are taking the lead in applications for advanced composite materials.
In light of the expectations for carbon fiber composite materials in the creation of a circular economy, MCC will strengthen its capability to propose solutions to customers while leveraging the group’s comprehensive strength, and in turn accelerate the realisation of Kaiteki.