Kyocera Corporation (NYSE:KYO) (TOKYO:6971) today announced that
construction has been completed on the Kyocera Group’s first
manufacturing plant in India, and that a completion ceremony was held on
February 17 to mark the start of trial operations at “KYOCERA CTC
Precision Tools Private Limited*.”
The establishment of Kyocera CTC Precision Tools is intended to
strengthen the company’s cutting tools business in the Indian market,
where demand for industrial cutting tools is expanding rapidly. The
industrial cutting tool market in India is expected to grow the fastest
of all newly developing countries based on the growth in the automotive,
industrial machinery, energy, and infrastructure markets. Furthermore,
with price competition intensifying among automotive manufacturers in
India, there is a growing priority for purchasing domestically made
products.
Seeing these market trends in India, Kyocera CTC Precision Tools began
construction of the new manufacturing plant in November 2012 in order to
expand its cutting tool business in the country.
“The Kyocera Group delivers a diverse range of products globally, from
fine ceramic components, electronic devices, and cutting tools to mobile
phones, copiers, solar power generating systems and services such as
information and communications technology solutions. As our first
manufacturing site in India, we hope that Kyocera CTC Precision Tools
will act as a springboard for the Group’s further business expansion in
the country,” stated Kyocera Corporation Chairman Tetsuo Kuba during a
speech given at the completion ceremony. “We are delighted to work with
our partners in India at this new manufacturing plant and hope that our
business will help contribute to the development of Jamshedpur and
India.”
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Outline
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Company name
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KYOCERA CTC Precision Tools Private Limited
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Location
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Jamshedpur, Jharkhand (eastern India)
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Start of construction
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November 2012
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Start of trial operation
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December 2013
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Manufacturing plant size
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Lot area: approx. 8,000m2 Floor space: approx. 7,000m2
(2-story building)
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Operations
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Manufacture of industrial cutting tools (inserts, tool holders)
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Production targets
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Begin producing 100,000 inserts per month
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Kyocera Cutting Tool Business in India
Kyocera currently has sales offices in four cities in India including
Gurgaon, Chennai, Bengaluru (Bangalore) and Pune; and in September 2012
also established a technical center for cutting tools in Gurgaon to
support the needs of local customers by providing a technical support
system. With the start of manufacturing at the new plant, Kyocera has
established a three-pillared structure along with sales and technical
support; aiming to expand sales of cutting tools in India.
* Kyocera CTC Precision Tools Private Limited is a manufacturing company
jointly established by Kyocera Asia Pacific Private Limited (President:
Kenji Aonuma), Kyocera Corporation’s wholly-owned subsidiary dedicated
to sales in the Asia-Pacific region, and CTC (India) Private Limited
(Management Director: Ramesh Agarwalla), an industrial cutting tool
manufacturer focusing on the manufacture of micro drills for printed
circuit boards and hole-making tools called Micro Industrial Tools.
For more information about Kyocera Cutting Tools, please visit:
http://global.kyocera.com/prdct/tool/index2.html
About
KYOCERA
Kyocera
Corporation (NYSE:KYO) (TOKYO:6971) (http://global.kyocera.com/),
the parent and global headquarters of the Kyocera Group, was founded in
1959 as a producer of fine
ceramics (also known as “advanced ceramics”). By combining these
engineered materials with metals and integrating them with other
technologies, Kyocera has become a leading supplier of cutting tools,
industrial ceramics, solar power generating systems, mobile phones,
printers, copiers, electronic components and semiconductor packages,.
During the year ended March 31, 2013, the company’s net sales totaled
1.28 trillion yen (approx. USD13.6 billion). The company is ranked #492
on Forbes magazine’s 2013 “Global 2000” listing of the world’s
largest publicly traded companies and in 2013 was ranked by Ceramic
Industry magazine as the world’s No.1 manufacturer of advanced
ceramics.
Copyright Business Wire 2014