© Reuters. FILE PHOTO: A Murata Manufacturing Co. logo. is pictured at the 2017 CEATEC JAPAN (Combined Exhibition of Advanced Technologies) held at the Makuhari Messe in Chiba, Japan, Oct. 2, 2017. REUTERS/Toru Hanai
TOKYO (Reuters) -Japanese manufacturers have begun restarting production at some of the factories that had been shut down after an earthquake that shook the country’s northeast late Wednesday.
Murata Manufacturing Co (OTC:) Ltd, the largest global supplier of ceramic capacitors used in smartphones and cars, said it will restart production on Friday at two of the four plants that were shut down.
The other two will remain out of operation, a spokesman for the Kyoto-based company said, noting that a fire that broke out at a factory producing chip inductors caused some damage to equipment.
The company, which also has manufacturing facilities in Malaysia, said it is shipping from its stock.
The limited damage caused by the 7.4 magnitude earthquake has highlighted Japan’s success in building resilience to the frequent tremors that shake the archipelago.
The earthquake had raised concerns about further disruptions to a pandemic-stricken global supply chain for precision components vital to electronics and automotive manufacturing, in which Japanese manufacturers play a leading role.
Power has largely been restored in the northeast, where Japan’s largest earthquake struck 11 years ago. Areas of Tokyo have been without power for nearly three hours after the latest earthquake, which killed three people and injured 183.
However, the power outage has resulted in the removal of some COVID-19 vaccines kept in cool storage, the Yomiuri newspaper reported.
Tech conglomerate Sony (NYSE:) Group Corp. is in the process of gradually restarting production at three plants in the earthquake-affected area, a spokesman said.
There is some damage to a facility in Shiroishi, Miyagi Prefecture, that produces laser diodes, but the impact on production is limited, Sony said.
Renesas Electronics Corp., which makes nearly a third of the microcontroller chips used in cars worldwide, said a shutdown at two plants and a partial shutdown at a third remained in effect.
Disclaimer: Fusion Media would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (Stocks, Indices, Futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes . Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data.
Fusion Media or anyone associated with Fusion Media assumes no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts, and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.
This post Japanese manufacturers are restarting some of the earthquake-hit factories in the northeast
was original published at “https://www.investing.com/news/stock-market-news/japans-murata-sees-partial-restart-of-quake-hit-factories-2787153”