CSP Signs Memorandum of Understanding with Mitsubishi Rayon for Auto Industry

Mitsubishi RayonIn a recent report, it has been revealed that Continental Structural Plastics (CSP) together with Mitsubishi RayonCo. (MRC) has signed a memorandum of understanding for North America’s automotive industry. The memo has been signed regarding innovative carbon fiber structural parts’ manufacturing.

As agreed upon by both the parties, detailed studies will be conducted which will aim at corroborating the development of a joint venture based on equity.

Chairman and CEO, Frank Macher, CSP, 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 joint venture is expected to generate compression molded components using carbon fiber-reinforced plastic resources such asPre-preg carbon fiber Compression Molding (PCM) and carbon fiber sheet molded compound (SMC). The component may comprise Class A body panels and non-class A structural automotive devices like radiator supports, pillars, bumper beams, intrusion beams, engine cradles or supports, and underbody shields.

Composite Products Division’s general manager Akira Nakagoshi of MRC affirmed, “By working together with Continental Structural Plastics, we gain access to tremendous expertise in composites, and in developing structural applications for light vehicles.”

Nakagoshi concluded, “We look forward to the opportunity to expand further MRC’s composite material technologies among automakers in North America, and are hopeful for creating better relationships among people, society, and our planet.”

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