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Murata to invest $354m in new plant as iPhones drive parts demand

Japanese maker of electronics components plans to boost capacity 20% by 2019

Workers operate machinery at a Murata factory in Fukui Prefecture, Japan. Demand from the new iPhones and the impending rollout of 5G networks is squeezing the supply of ceramic capacitors.

TOKYO -- Murata Manufacturing plans to build a new ceramic capacitor plant in Japan and revamp its existing Japanese and Philippine operations in an effort to meet growing demand for parts used in electric vehicles and Apple's new iPhones.

The Japanese maker of components for electronics has earmarked about 40 billion yen ($354 million) for a new plant in an industrial complex near its Izumo Murata Manufacturing's headquarters in Shimane Prefecture in southwestern Japan.

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