Nikkei. Shares in Meiko Electronics Co. continued higher Monday morning, helped by a Nikkei report before the bell that the maker of printed circuit boards (PCB) will spend about 3 billion yen (US$36.5 million) to build a new production line at its plant in Fukushima Prefecture, which it plans to start up by the end of the year.
The new line will make PC boards for electric vehicles, which must hold up well under strong electric currents. The firm’s focus on electric vehicles, whose popularity is expected to grow further, heartened investors.