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Japan Murata USD 500M to Set up New LIB Factory in Wuxi (Attached: Global LIB Tycoons Latest Development)

2017-09-07

Sep 5, 2017, Japan Murata Group signed agreement with Jiangsu Wuxi Government on setting up new LIB factory project. According to the agreement, Japan Murata will invest USD 500M (about CNY 3.2bn) to construct new LIB factory project. The agreement points out, when this new LIB factory project is construction, it will new increase LIB 132M units/a, and makes capacity and output value of Wuxi Company enlarge 1.6 times on the existing basis.

 

Before, in Oct 2016, SONY stated that it would transfer its battery business to Murata Manufacturing. Under the agreement, Sony will transfer to Murata the battery business conducted by Sony Energy Devices Corporation, Sony's wholly-owned subsidiary in Japan; Sony's battery-related manufacturing operations located in China and Singapore; and assets and personnel assigned to the battery business at the Sony Group's sales and R&D sites in Japan and worldwide. The sales price is approximately JPY 17.5bn (about CNY 1.1bn). In Feb 2017, SONY announced that, the company planned to finish battery transfer plan in Jul 2017.


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