An apparatus for continuously or intermittently molding fiber-reinforced plastic structural components includes a continuous passage or pathway having a series of stations thereon for charging a multiple part mold with a charge of chopped fiber reinforced resin or plastic, closing the mold parts to effect compaction of the charge, curing said charge into a molded article, opening the mold, ejecting the molded article and return the open mold to charging point, movement of said mold parts from open to closed position being controlled by spacing between vertical spaced set of rails supporting male and female parts of the mold, said spacing being controlled to effect indexing of said male and said female part in the curing station in a closed portion and to effect unindexing of the male and female part to open the mold and a method of using said apparatus to yield said molded article.