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Business

Murata to pour $450m into Sony battery ops after purchase

Manufacturer using funds to upgrade factories in China, Singapore

Murata Manufacturing operates a battery production facility in Japan's Shiga Prefecture.

OSAKA -- Once Murata Manufacturing completes its acquisition of Sony's battery operations Friday, the new owner will lavish 50 billion yen ($453 million) on overseas production sites to supercharge the business against global rivals.

That money will bolster battery factories in Singapore and the Chinese city of Wuxi, with the investments running through the fiscal year ending in March 2020. The plants will receive electrode processing equipment as well as testing gear. Sony had delayed updating the facilities due to curbs on capital spending.

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