Market Overview

Continental Structural Plastics Adds Compounding Capabilities in France

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Continental Structural Plastics (CSP), a Teijin Group Company, today
announced it will be installing a sheet molding compound (SMC) line at
its facility in Pouancé, France, to support the need for its
industry-leading composite formulations in Europe. CSP will invest
approximately €5.1 million ($6 million) to establish the SMC line.

CSP is currently the largest compounder of SMC in North America, with
current SMC volumes exceeding 84,000 U.S. tons annually. The
installation of this SMC line in France will be used to further develop
the company's wide range of proprietary, advanced composite products,
including low-volatile organic compounds (VOC) formulas currently under
development to meet European market regulations. The line will be
capable of producing SMCs made with both glass and carbon fibers.

"The addition of this SMC line to the Pouancé facility is an important
step in our European growth plans," said Philippe Bonte, president, CSP
Europe. "It will enable us to provide full-service capabilities to our
customers here, as well as provide us with an opportunity to further
enhance our already significant materials R&D efforts in Europe."

The Teijin Group is leveraging its lightweight, strong, high-performance
materials and integrated composite technologies as one of the key
focuses of the transformation strategies for the group's medium-term
management plan, under which the company aims to expand business with a
view to becoming a supplier of multi-material components.

The CSP Pouancé facility is an innovative, rapid development center for
lightweighting technologies including carbon fiber resin transfer
molding (RTM), Class A RTM and thermoplastic composites. The 12,000
square-meter (130,000 square-feet) facility was purchased by CSP in 2013.

The SMC line is expected to be commercially ready to produce SMC by the
third quarter of 2019.

About Continental Structural Plastics

Continental Structural Plastics, a Teijin Group company, has provided
leading-edge technologies in lightweight materials and composite
solutions for the automotive, heavy truck, HVAC and construction
industries for more than 40 years. Headquartered in Auburn Hills,
Michigan, CSP provides full-service engineering support, and holds
multiple patents covering materials development and manufacturing
processes in composite materials formulation, design and manufacturing
technologies. The company has operations on three continents and more
than 3,900 employees. For more information, visit www.cspplastics.com.

About the Teijin Group

Teijin (TSE: 3401) is a technology-driven global group offering advanced
solutions in the areas of environmental value; safety, security and
disaster mitigation; and demographic change and increased health
consciousness. Its main fields of operation are high-performance fibers
such as aramid, carbon fibers & composites, healthcare, films, resin &
plastic processing, polyester fibers, products converting and IT. The
group has some 170 companies and around 19,000 employees spread out over
20 countries worldwide. It posted consolidated sales of JPY835 billion
(USD 7.6 billion) and total assets of JPY 986.2 billion (USD 9 billion)
in the fiscal year ending March 31, 2018. Please visit www.teijin.com.

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