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Japan's Murata to invest up to USD 930 million to boost output of car components

Auto News - Published on Mon, 23 Apr 2018

Image Source: reutersmedia.net
Reuters reported that Japan's Murata Manufacturing Co plans to invest between USD 465 million and USD 930 million in the next two years to increase output of electronic components, seeking to capitalise on growing demand from the auto sector. It will boost production of multilayer ceramic capacitors, which control the flow of electricity in electronics used in a range of products, from smartphones to vehicle controls, at four of its plants located in Japan, China and the Philippines.

Tightening global emissions regulations and the race to make self-driving cars have prompted automakers to ramp up development of electric vehicles and automated functions, creating opportunities for electronics parts makers to expand.

A Murata spokesman said that "We see demand from the automotive sector picking up naturally and we want to be able to also respond to those needs," adding that increased capacity would also boost output for smartphone parts.

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Posted By : Amom Remju on Mon, 23 Apr 2018
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