KYOTO, Japan--Murata Manufacturing Co., Ltd. (TOKYO:6981) (ISIN:JP3914400001) today announced that Murata has signed an agreement to establish a joint venture company with Shizuki Electric Co., Inc. This joint venture will specialize in the development and manufacturing of high temperature film capacitors (HTFC) mainly for automotive applications.
Murata and Shizuki have started R&D and sales collaboration already some years ago, and the establishment of a joint venture is the next step to deepen the successful collaboration. By combining Murata’s deep expertise in materials technologies, resources and extensive global sales network with Shizuki’s know-how in film capacitor manufacturing this joint venture enables both companies to expand their business within power electronics for the automotive market, to further develop next generation HTFCs and to offer new value to customers worldwide.
The new company owned 65% by Murata, and 35% by Shizuki, will be based in Akita, Japan. The start of the operations is estimated for the beginning of October 2016.
About Shizuki Electric Co., Inc.
Established: March 1939
Sales: 21,728 million yen (as of March 31, 2016)
Business: Manufacture and sale of capacitors and related equipment and facilities, electrical machinery and equipment, and information equipment.
Number of employees: 1,295 (as of March 31, 2016)
About Murata Manufacturing Co., Ltd.
Established: October 1944
Sales: Consolidated basis: 1,210,841 million yen (as of March 31, 2016)
Business: Design, manufacture and sale of ceramic-based passive electronic components and solutions, communication modules, power supply modules, and other.
Number of employees: 54,674 (as of March 31, 2016)