Toyota sees $38 bln sales potential in bioplastics

Newswire

By Chang-Ran Kim, Asia auto correspondent NAGOYA, Japan, March 30 (Reuters) - Toyota Motor Corp , the world's No.2 auto maker, said it expected its production of biodegradable plastics to grow into a four trillion yen ($38 billion) business by 2020 when the company hopes to control two-thirds of the world's supply. "We are one of the world's two major players in this field along with Cargill Dow (of the United States)," Kozaburo Tsukishima, general manager of Toyota's biotechnology and ...

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