Murata Manufacturing Co., Ltd. announced that its manufacturing subsidiary Murata Electronics (Thailand), Ltd. has begun construction of a new production building in July 2021.

The investment in the new production building is 12 billion yen ($105 million), with a total floor area of 80,950 square meters. The construction is scheduled to be completed in March 2023.

Murata stated that the new production building will provide the infrastructure necessary to respond to growing demand for multilayer ceramic capacitors in a medium- to long-term capacity.