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MURATA MANUFACTURING CO., LTD

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Murata Manufacturing : Philippines Plant Set to Become the 1st Overseas Production Site to Operate on 100% Renewable Energy

12/19/2021 | 07:50pm EDT

12/20/2021

Murata Manufacturing Co., Ltd.
President: Norio Nakajima


Philippine Manufacturing Co. of Murata, Inc. (Batangas province, Philippines, hereinafter referred to as the "Philippines Plant"), a manufacturing subsidiary of Murata Manufacturing Co., Ltd. (hereinafter referred to as "Murata Manufacturing"), will be switching all electricity consumed at the plant to renewable energy from January 1, 2022. We began by installing solar panels on the roof of the Philippines Plant's production building in May 2021 to facilitate the use of renewable energy. The Murata Manufacturing Group is converting all electricity consumed in the group's business activities into renewable energy to meet the goals of the RE100* global environmental initiative.

*RE100 is a global initiative that brings together the world's most influential businesses that have committed to 100% renewable power. Companies from many different sectors participate in RE100, and the initiative has a total revenue of over US$6.6 trillion and operates in a diverse range of sectors. Together, they send a powerful signal to policymakers and investors to accelerate the transition to a clean economy. Led by international non-profit The Climate Group in partnership with CDP, RE100 is also part of the We Mean Business Coalition. The participation of Japanese companies in RE100 is achieved with the support of the Japan Climate Leaders' Partnership (JCLP), which has been an official regional partner of RE100 since 2017.

In recent years, the effects of climate change, such as rising sea levels and temperatures, as well as dramatic weather patterns, have become far more prevalent. To resolve this, it is important for us to work toward the realization of a sustainable society at a company level by implementing renewable energy and optimizing energy management.

The Philippines Plant will become the first overseas production site to switch over to using 100% renewable energy, thanks to the array of 6,768 solar panels that was installed in May 2021. It is expected that this will reduce CO2 emissions by an estimated 2,947 tons per year. There are also many volcanoes in the Philippines and it is known as the world's second-largest producer of geothermal power. In addition to the electricity generated by the solar power array, we plan to utilize renewable energy that harnesses this geothermal power.

The Murata Manufacturing Group is committed to promoting the use of renewable energy at its domestic and overseas locations to combat climate change.

The Murata Manufacturing Group's operating objectives relating to social value

Overview of the solar panels
Start of operation: May 2021
How the generated power will be used:
In-house use for the Philippines Plant
Number of panels installed:
6,768 panels
Solar power generation system capacity:
2,978 kW
Total annual power generation:
4,220,000 kWh
Annual reduction in CO2 emissions:
2,947 tons

Philippine Manufacturing Co. of Murata, Inc.
Address:
Lot 2A Phase 1B First Philippine Industrial Park Barangay Pantay Bata, Tanauan City Batangas, Philippines
Founded:
September 2011
Share capital:
17 billion yen
Representative:
Masayoshi Koda
Business details:
Manufacturing of multilayer ceramic capacitors
Number of employees:
3,514 (as of December 1, 2021)

The Murata Manufacturing Group sees the "reinforcement of climate change countermeasures" as a material issue and, in our efforts to help solve global social issues, we are forging ahead with initiatives to promote renewable energy. We ensure that we are meeting our overall targets for reducing greenhouse gases throughout the country and are actively investing in ways to conserve energy and use renewable energy sources at each of our locations.

Click here to see examples of Murata's energy conservation measures:
https://corporate.murata.com/en-global/csr/environment_murata/climate_change

Related press releases:
Murata participation in Global Environmental Initiative RE100 - Aiming for 100% renewable energy use by 2050 -
https://corporate.murata.com/en-global/newsroom/news/company/csrtopic/2020/1217

Kanazu Murata Manufacturing's Plant Set to Operate on 100 percent Renewable Energy - Reducing the load on social infrastructure by deploying the largest storage battery system in the Hokuriku region -
https://corporate.murata.com/en-global/newsroom/news/company/csrtopic/2021/1012
Murata in Brief

Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world.

For more information, visit Murata's website

Disclaimer

Murata Manufacturing Co. Ltd. published this content on 20 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 00:49:04 UTC.


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Sales 2022 1 789 B 14 076 M 14 076 M
Net income 2022 311 B 2 449 M 2 449 M
Net cash 2022 485 B 3 820 M 3 820 M
P/E ratio 2022 16,5x
Yield 2022 1,57%
Capitalization 5 096 B 40 099 M 40 099 M
EV / Sales 2022 2,58x
EV / Sales 2023 2,32x
Nbr of Employees 77 581
Free-Float 92,8%
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Managers and Directors
Norio Nakajima President & Representative Director
Masanori Minamide Manager-Finance, Accounting & Planning Group
Tsuneo Murata Chairman
Hiroshi Iwatsubo Director & Managing Executive Officer
Nagato Omori Head-Technology Development & Business Planning
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