Murata Manufacturing Co., Ltd. recently announced that it has signed a basic agreement with Ishihara Sangyo Kaisha, Ltd. and Fuji Titanium Industry Co., Ltd., a wholly owned subsidiary of Ishihara Sangyo Kaisha, Ltd., to manufacture barium titanate for use in multilayer ceramic capacitors and other products.
Murata noted in the announcement that Fuji Titanium Industry Co., Ltd. is one of the company's suppliers, producing barium titanate, a material used in multilayer ceramic capacitors. In the context of the rapid development of IT equipment and the electrification of automobiles, as the demand for multilayer ceramic capacitors further increases, barium titanate, a material for multilayer ceramic capacitors, is becoming more and more important.
The announcement shows that the signing date of the basic agreement is September 16, 2022, and the date of establishment of the joint venture company is spring 2023 (to be determined). Details of the joint venture are currently being discussed.