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Murata Manufacturing Spearheads Joint Venture to Bolster Barium Titanate Supply Chain Amid Rising Demand

On September 1, 2023, Murata Manufacturing, in concert with Ishihara Sangyo and Fuji Titanium Industry, officially established MF Material, a new corporate entity headquartered in Nobeoka City, Miyazaki Prefecture. The joint venture aims to oversee the production, quality assurance, and raw material procurement of barium titanate, a crucial component for multilayer ceramic capacitors. With an initial capitalisation of 100 million yen and a workforce of 230, MF Material emerges as a new player in an expanding market.

The three companies first unveiled their intention to form a joint venture in September 2022, later confirming the contract in March 2023. While. . .

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