Murata Closes “Sheng Long TOKO Tech” Coil Factory
November 24, 2020, Murata Manufacturing Co., Ltd. announced that Saitama Murata Manufacturing (formerly: TOKO, INC.), a wholly-owned subsidiary of Murata Manufacturing Co., Ltd. (hereafter: The Company), is closing its production subsidiary Sheng Long TOKO Tech in December 2020. Saitama Murata Manufacturing Group (formerly: TOKO Group) contributes primarily to the telecommunications market through its design and production of coil products.
Sheng Long TOKO Tech has long been trying to manage a fierce market including decreased demand and intensifying price competition. Due to the diversification of market needs, acceleration of development cycles and intensifying competition within major markets such as smartphones, the company has decided to end production and close this subsidiary.
Moving forward, the entire Murata Manufacturing Group will strive to build improved production capabilities and stronger management infrastructure. The impact on the company’s performance this fiscal year due to the closing of these production subsidiaries is negligible.
Sheng Long TOKO Tech Summary:
- Name: Sheng Long TOKO Tech (Shenzhen) Co., Ltd.
- Location: Block B, C, D, Toko Technology Park, 8 Gao Ke Avenue, Tongle Community, Longgang Subdistrict, Longgang District, Shenzhen City, Guangdong Province, P.R. China
- Found on August 10, 2005
- Capital: 18,886,716 USD
- Major Shareholder: TOKO Electronic Mfg. Co., Ltd. (100%)
Impacts of Closure:
Due to these closures, all of Inductor products manufactured at this factory will become obsolete. Customers who use these products should search for alternatives, or replacements, to compensate for their circuits and projects.
How will this impact your supply chain? SiliconExpert has the data and expertise to help you identify:
- The affected products
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For more details on these closures, please visit:
December 9, 2020, by Ahmed Sabry3