Tosoh Corp. has unveiled a Yen200 billion (€1.47 billion) investment plan to expand production capacity and improving earnings during the 2023-2025 period.

Under the medium-term business plan, Tosah will increase output of a range of products, including polychloroprene rubber, flame retardants and other additives in rubber production.

Tosoh manufactures chloroprene rubber at its site in Nanyo, Japan.

In 2019, the Japanese supplier started a two-year debottlenecking project to raise capacity of the plant by 3 kilotonnes per annum (ktpa) to 37ktpa.

The chemical group's business plan announcement, issued 10 Aug, did not provide details on the size of the capacity expansions.

Under the medium-term programme, Tosoh aims to increase its operating income to Yen150 billion by 2025, from the Yen144 billion forecast for 2022.

The company also expects sales to increase from an estimated Yen890 billion this year to Yen1,160 billion by 2025.