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.
