Sanyo Chemical announces capital spending

Japan’s Sanyo Chemical Industries said it will allocate ¥50 billion (US$624.1 million) in capital spending over the next four years, primarily for superabsorbent polymers and strategic product development, and ¥24 billion (US$299.5 million) for research and development. Of the total capital investment, about ¥3 billion (US$37.4 million) will go towards expanding its lubricating oil additive plant. (June 17,2011)