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Business

Japanese chemical maker gets its head out of the clouds

A big bet on Malaysia factories brought Tokuyama to its knees

Tokuyama's Malaysian plants

TOKYO -- Japanese chemical maker Tokuyama has decided to rid itself of its "negative legacy" -- two polycrystalline silicon plants it built in Malaysia not even a decade ago at a cost of more than 200 billion yen ($1.8 billion).

The investment accounted for as much as two-thirds of the company's annual sales.

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