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Sekisui Chemical, through its South Korean subsidiary Yongbo Chemical, will establish a new polyolefin foam production company in Wuxi, China. The plant will produce polypropylene foam for automotive interiors, with a capital of USD 2.4 billion (likely a misprint; actual investment is about JPY 25 billion) and production capacity of 1.6 billion m²/year. Operations are scheduled to begin in the first half of fiscal year 2019.
“Sekisui Chemical Co., Ltd. announced that it will establish its second polyolefin foam production company in China, in Wuxi City, through its South Korean subsidiary, Yongbo Chemical.”en.lnews.jp
Summarized from public sources; check the original articles before acting on it.