A method of continuously manufacturing pencils or crayons by simultaneous coextrusion, the method consisting in coextruding a filled first thermoplastic material referred to as “lead” material, and around it both an intermediate “protective” layer of a thermoplastic material having no expanding agent, and a second thermoplastic material containing an expanding agent and referred to as “wood” material, and in cooling said coextruded thermoplastic materials, wherein the thermoplastic material constituting the protective layer is determined so that during cooling it remains deformable while the lead material shrinks.