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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.