Toho Titanium Co., Ltd. has completed the construction of a new nickel powder plant at its Wakamatsu Plant. Nickel powder is used as a material for internal electrodes of multilayer ceramic capacitors (MLCC) and its demand is increasing with use of MLCC expanding in response to the need for enhanced functions of various electronic devices, progress in the Internet of Things and the widespread use of computerized automobiles. Toho Titanium intends to achieve a prompt and smooth start-up of commercial operations of the new plant and secure a stable supply of its nickel powder through effective use of the existing plant in Chigasaki and the new plant in Wakamatsu.