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Japan Synthetic-Fiber Maker Toray to Raise Capital Spending by 40 Percent.

Kyodo News International, Tokyo Knight Ridder/Tribune Business News

Mar. 10--OSAKA, Japan -- Toray Industries Inc. said Wednesday it plans to raise capital spending for the year starting April 1 by 40 percent to about 85 billion yen.

The increase is designed to make competitive businesses such as carbon fibers for aircraft and materials for automobile air bags more competitive, the top Japanese synthetic fiber maker said.

Toray said it also plans to expand its business in China and Southeast

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