August 2, 2023 /SemiMedia/ -- Murata Manufacturing Co., Ltd. announced that its manufacturing subsidiary, Philippine Manufacturing Co. of Murata, Inc. will begin construction of a new production building in August 2023.

With a total investment of 11.2 billion yen, the new production building has a total construction area of 32,454 square meters and a total construction area of 77,981 square meters. Completion is scheduled for the end of September 2025.

According to Murata, the construction of the new production building is aimed at developing the capacity to accommodate increased demand for multilayer ceramic capacitors over the medium and long term.