Mitsubishi Chemical Corporation will invest in C.P.C. Srl, an Italian company manufacturing and selling automobile components made of carbon fiber reinforced plastic, as part of its efforts to strengthen carbon fiber business in the U.S. and European markets.
Mitsubishi Chemical Carbon Fiber and Composites GmbH, a wholly owned German subsidiary of MCC, acquired a 44% equity stake in CPC from its founder.
CPC is engaged in the manufacture and sales of automobile components made of carbon fibers and metals. The company has technological expertise and know-how in a range of auto component fields, including component design, molding of carbon fiber composite materials, and design and manufacture of molds used to produce aluminum casting parts and carbon fiber composite material parts.
CPC owns one of the world’s largest press facilities exclusively used for the pressing of composite materials that are capable of developing and molding large component materials. MCC is convinced that it will accelerate the use of its carbon fiber composite materials such as SMC and PCM prepregs in auto component materials by taking advantage of CPC’s component design capabilities, molding technologies, development and proposal power, and its commercial distribution networks with U.S. and European car makers.
In the future, MCC will study additional investments in CPC.