Economic Slump Not Deterring Some Japanese Firms' Investment in 'Green' Tech

Investments include materials for advanced lithium-ion batteries.

Published: 06-Jan-2009

At a time when many Japanese companies have postponed or halted investment plans, some firms are stepping up spending in areas such as the environment, hoping for a head start when the economy recovers.

An Asahi Kasei Corp. affiliate plans to invest a total of 9 billion yen to increase production of materials for lithium-ion batteries at its plant in Moriyama, Shiga Prefecture, and a new factory under construction in Hyuga, Miyazaki Prefecture.

Mitsubishi Plastics Inc. and Mitsubishi Chemical Corp. will also boost output of such materials, while Toshiba Corp. plans to construct a plant in Kashiwazaki, Niigata Prefecture, to start mass production of lithium-ion batteries in autumn 2010.

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