Fiber reinforced plastic (CFRP). This pivotal acquisition, which began in 2017 with a minority stake, is in line with MCG Group’s long-term strategic vision to further expand and strengthen its vertically integrated carbon fiber supply chain. The transaction is expected to close in late 2023, subject to regulatory approval.
CFRP is gaining interest in the global automotive market due to its role in reducing vehicle body weight, a key element in meeting strict fuel economy regulations and reducing CO2 emissions. As the automotive industry rapidly embraces the use of CFRP in auto parts, MCG Group is becoming a leading player by providing optimal solutions to customers throughout the value chain, from component design to production. Ready to become.
CPC has technical expertise and know-how in a wide range of automotive component areas, including component design and simulation, carbon fiber composite molding, tooling and mold design and manufacturing, composite painting, and subcomponent assembly. have. Equipped with the world’s largest press equipment capable of developing and molding large parts materials exclusively for composite materials, the MCG Group has the design capabilities of sheet molding compounds (CF-SMC) and CPC, molding technology, development and proposal capabilities, and European and American automobile Prepreg compression molding (PCM) for automobile parts by leveraging our commercial distribution network with manufacturers.
The partnership extends beyond its immediate goals, with both MCG Group and CPC further collaborating to deliver sustainable solutions for the future, including the development of bio-based and recycled carbon fiber intermediate materials. I’m working on that.
