Continental Structural Plastics (CSP) announced today it has signed a framework agreement to lease manufacturing floor space in Pouance, France. Additionally, the agreement includes the purchase of assets from a composites manufacturer that was formerly located in the facility CSP will lease. The agreement helps boost CSP’s existing global manufacturing and customer support capabilities.
“The Pouance acquisition improves CSP’s ability to provide our customers with exceptional global support in terms of manufacturing and service,” said Frank Macher, chairman and CEO of CSP. “The agreement expands our global network, increases CSP’s manufacturing capacity and provides us with the opportunity to expand our customer base in Europe in the near future.”
The agreement includes 120,000 square-feet (11,148 square-meters) of floor space, three compression molding presses, 12 thermoplastic injection presses and one thermoset injection unit, as well as supporting equipment. Staffing of the facility has started and production is expected to begin later this year.
About Continental Structural Plastics
For more than 40 years, Continental Structural Plastics (CSP) has provided leading-edge technologies in light-weight materials and composite solutions for the automotive, heavy truck, HVAC and construction industries. Headquartered in Troy, Michigan, CSP holds more than 50 patents covering materials development and manufacturing processes in composite materials formulation, design and manufacturing technologies. More information is available at www.cspplastics.com