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Continental Structural Plastics Start New plant in Texas

Auto News - Published on Fri, 04 Oct 2019

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Continental Structural Plastics a global leader in highly-engineered, composite vehicle components broke ground for a manufacturing facility in Seguin, Texas. This new facility, located near Interstate 10, Rio Nogales Drive and 8th Street, is expected to be fully operational by 2021. CSP and its parent company Teijin, are making a capital investment of approximately $70 million to construct the 200,000 square-foot facility, which is being built to support future growth and to help the company maintain its competitive advantage. The facility will result in the creation of 200 production, engineering and administrative jobs. This location will become CSP’s 19th global manufacturing facility 14th in North America, and the Teijin Group’s 25th global composite component manufacturing facility.

CSP selected the Seguin location for its newest manufacturing plant based on a number of factors, including availability of a skilled workforce, proximity to a number of customer and potential customer facilities in Texas and surrounding states, and a variety of incentives and abatements offered, including a land grant and tax abatement from the City of Seguin, and a Texas Enterprise Fund grant from the State of Texas, in exchange for specific capital investment and workforce commitments by CSP.

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Posted By : Mohan Sharma on Fri, 04 Oct 2019
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