Saturday, November 2, 2013
Ibiden To Double Capacity At Malaysian Circuit Board Plant
TOKYO (Nikkei)--Ibiden Co. (4062) on Friday announced that it will spend some 40 billion yen to double production capacity at a plant in Malaysia that makes printed circuit boards for smartphones.
The first phase of the plant in the Malaysian state of Penang was placed into service in 2011. Construction was started on a second facility there, but work was halted due to sluggish conditions in the electronic components market. Those efforts will now be restarted.
The second factory will start production in September 2014 and will boost printed circuit board capacity at the site to 80,000 sq. meters a month.
Ibiden originally planned 36 billion yen in capital spending during the year ending March 2014 but has now raised that to 46 billion yen. Capital spending will be boosted to 75 billion yen next fiscal year as the company aggressively invests in capacity expansion in anticipation of the spread of fourth-generation LTE (Long Term Evolution) high-speed communication services.
In addition, the company will spend around 13 billion yen to build a plant in the central Mexican state of San Luis Potosi that will make exhaust filters for diesel vehicles.
(The Nikkei, Nov. 2 morning edition)