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. . .