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.
