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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.

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