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

EasySolar announces the all-in-one solar power solution 17-04-2014
Three International wind power exhibitions to take place in Shanghai in July 2014 17-04-2014
Bharat Light & Power selects OSIsoft PI System to support renewable energy growth in India 17-04-2014
JinkoSolar successfully connects two solar PV projects totaling 39MW to the grid in Jiangsu Province 17-04-2014
Yingli Green Energy signs cooperation agreement with Sailing Capital to jointly form a one billion RMB renewable energy fund 17-04-2014
IBERDROLA INGENIERÍA in Russia to construct the 1,020 MW substation for the Votkinskaya hydropower station 17-04-2014
Silver Fox® labels exhibit excellent results in latest long-term UV tests 16-04-2014
Introducing Trinity, a portable wind turbine power station for charging USB devices 16-04-2014
SolarWorld signs supply agreement with PetersenDean, largest privately held U.S. Roofing and Solar Company 16-04-2014
Two new wind farms in Nuevo Leon, Mexico, to be funded by the North American Development Bank 16-04-2014