Global Leader in International Renewable Industry News

posted in:

KYOCERA begins operations at its first manufacturing facility in India

Wednesday, Feb 19, 2014

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*.”

“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.”

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.”

Source: Business Wire

posted in:

Other Renewable News

SPI Solar announces amendment to agreement for Mountain Creek project 24-04-2014
Accenture to help Azure Power expand its solar generation business 24-04-2014
EPIA presents the Global Market Outlook for Photovoltaics 2014-2018 at Intersolar Europe 24-04-2014
Avianca Brasil and Byogy Renewables forge initiative to drive the global approval of Alcohol-to-Jet (ATJ) renewable jet fuel 24-04-2014
Intersolar North America strengthens focus on growing energy storage market 23-04-2014
GDF SUEZ Energy Resources NA again donates renewable energy certificates to the Houston Museum of Natural Science in Honor of Earth Day 23-04-2014
3M celebrates 10-year record of EPA ENERGY STAR sustained excellence award 23-04-2014
SolarWorld powers spread of grass-roots community solar purchasing from coast to coast 23-04-2014
Canadian Solar to supply 43MW of solar modules in Japan 23-04-2014
Nice-Pak products and PDI complete largest Rooftop solar array in Rockland County 22-04-2014