ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Toray to boost automotive plastics capacity in South Korea

TOKYO -- Japan's Toray Industries intends to nearly double a South Korean plant's production capacity for high-performance plastics used in autoparts by 2018.

The chemical maker will spend around 9 billion yen ($89.1 million) to boost capacity for polyphenylene sulfide, or PPS, resin at a subsidiary's factory in Gunsan to around 16,000 tons yearly from 8,600 currently. The plant in April began making plastics and higher-order compounds from base polymers.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more