KYOCERA Breaks Ground on New Manufacturing Plant in China for Industrial Cutting Tools
June 30 2015 - 8:07AM
Business Wire
Kyocera Corporation (NYSE:KYO)(TOKYO:6971) announced today that
it will construct a new manufacturing plant in China, aimed at
further strengthening the company’s industrial cutting tool
business in the country.
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Rendering of the completed KYOCERA
Precision Tools (Ganzhou) Co., Ltd. manufacturing plant (Photo:
Business Wire)
On June 29, a groundbreaking ceremony was held at Kyocera
Precision Tools (Ganzhou) Co., Ltd. (herein “KPTG”) located in
Ganzhou City, Jiangxi Province. KPTG was established in January
2015 as a joint venture between Kyocera and a tungsten refining
company in China, Ganzhou Grand Sea W&Mo Group Co., Ltd
(President: Zeng Qingnin, herein “Ganzhou Grand Sea”), in order to
meet the growing demand for industrial cutting tools in the
automotive industry in China — where more automobiles are
manufactured than any other country in the world.
“The Kyocera Group delivers a diverse range of products, and is
working day by day to satisfy customers around the world. Notably,
our industrial cutting tool business has achieved remarkable growth
in recent years and is expanding globally,” stated Kyocera
Corporation Chairman Tetsuo Kuba during a speech given at the
groundbreaking ceremony. “With many customers in China, we decided
to construct this new manufacturing plant in Ganzhou to further
develop our business. We hope that our business in Ganzhou will not
only contribute to the region and our company, but also play a role
in strengthening the relationship between China and Japan.”
KPTG plans to begin operations at the new plant in January 2016
to produce carbide inserts. The plant will become Kyocera’s fourth
manufacturing base for industrial cutting tools in China, in
addition to its plants in Dongguan, Zhuhai and Shanghai.
By strengthening its manufacturing capability, Kyocera will be
better equipped to respond to the expanding demand in China and
aims to further increase its sales in the region.
Outline
Location
Ganzhou Economic and Technological
Development ZoneGanzhou City, Jiangxi Province, China
Start of construction June 2015 Start of operation January
2016 (planned) Manufacturing plant size Lot area: Approx. 20,000m2
Total floor space: 23,000m2 (2-story
building)
Operations Manufacture of carbide inserts
About KYOCERA
Kyocera Corporation (NYSE:KYO)(TOKYO:6971), 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, 2015,
the company’s net sales totaled 1.53 trillion yen (approx. USD12.7
billion). Kyocera appears on the latest listing of the “Top 100
Global Innovators” by Thomson Reuters, and is ranked #552 on Forbes
magazine’s 2015 “Global 2000” listing of the world’s largest
publicly traded companies.
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KYOCERA Corporation (Japan)Hina Morioka,
+81-(0)75-604-3416Corporate CommunicationsFax:
+81-(0)75-604-3516webmaster.pressgl@kyocera.jphttp://global.kyocera.com/
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