Murata, Ishihara and Fuji Titanium Joint Venture Company was officially established and will continue to expand barium titanate production capacity

On September 1, MF Materials Co., Ltd., a joint venture company jointly established by three companies: Murata, Ishihara Industries Co., Ltd. and Fuji Titanium Industries Co., Ltd., held an establishment ceremony.
In recent years, global demand for multilayer ceramic capacitors (MLCCs) has continued to expand. Industry leader Murata Manufacturing Co., Ltd. expects increased demand for the 5G market, automobiles, and small and large-capacity communication terminal products. Its operations have also been working hard to increase production capacity, promote miniaturization, and re-examine its product portfolio to increase supply. In September last year, the above three companies signed a framework agreement-Murata is the leader of MLCC, Fuji Titanium is one of Murata's barium titanate suppliers, and Ishiji is Fuji Titanium's parent company. In order to ensure the supply of raw materials, the three companies agreed to jointly establish a MLCC raw material barium titanate joint venture company.
According to announced information, MF Materials Company is located in Nobuoka City, Miyazaki Prefecture, with a registered capital of 100 million yen. It is engaged in the manufacturing and sales of barium titanate and the procurement, quality assurance, quality and productivity improvement of related raw materials. According to the scheduled plan, the company plans to open a new factory in Nobuoka City, Miyazaki Prefecture in 2027 to increase the production capacity of barium titanate.