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Cosmetics maker plans $250M research base

TOKYO -- Japanese cosmetics company Shiseido is to build a large research and development facility in Yokohama, pouring more than 30 billion yen ($248 million) into the project.

     Shiseido hopes to boost group sales above the 1 trillion yen mark by 2020, compared with the 762 billion yen it earned in fiscal 2013. It sees R&D spending as a key to improving its competitiveness.

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