Maruwa, a Japanese ceramics company with a 200-year history in the industry, is seeing increased demand for its heat-dissipating products, particularly in data centers amidst the AI boom. The company’s shares have doubled over the past year, thanks to its expertise in ceramics and its ability to meet the growing cooling needs of data centers.
Data centers are expected to consume significantly more power by 2030, with a large portion dedicated to cooling servers. This demand has put Maruwa in a strong position due to its focus on heat dissipation materials and its long history in ceramics. The company produces ceramics for circuit boards and semiconductors, which have become essential in high-speed communication data centers.
Maruwa’s success is rooted in its long history, tracing back to the early 19th century when it manufactured ceramics for Japanese cuisine before transitioning to electronic components in the 1960s. Its knowledge and technology accumulated over centuries have become the core competitiveness of the company, allowing it to thrive in the rapidly evolving data center industry. Goldman Sachs analyst Mitsuhiro Icho highlighted Maruwa’s strong position in the market, backed by its historical expertise in ceramics.