KYOTO, Japan--(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.
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.
Ganzhou Economic and Technological Development Zone
|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|
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.