Synthetic fibre maker Kuraray Co is planning to invest around JPY25bn (US$211m) in its business over the next three years, starting in fiscal 2006.

The money will be used to boost production facilities for high added-value products such as faux leather made by a new, environmentally-friendly manufacturing process.

The company is targeting a 9% increase in fibre and textiles sales between 2006 and 2008, to JPY120bn.