Toho Titanium Co., Ltd, headquartered in Yokohama, Japan, has completed the construction of a new nickel powder plant at its Wakamatsu facility in Kitakyushu-City, Fukuoka. With a total investment of approximately JP¥7.5 billion ($69 million), the new plant is said to secure a stable supply of nickel powders for the company.
Toho Titanium states that it is seeing increased demand for applications in multilayer ceramic capacitors (MLCC), where nickel powder is used as a material for the internal electrodes. The company has seen growth in this market caused by the need for enhanced functions in various electronic devices, progress in the Internet of Things (IoT) and the widespread use of computerised systems in automotive applications.
The company produces a wide range of materials for numerous applications, including titanium powders, catalysts and electronic materials, chemicals and other products. It has an active R&D division, said to be currently developing porous materials manufactured from titanium powder and fibrous titanium for use in a variety of applications.