KYOCERA Breaks Ground on New Industrial Cutting Tool Manufacturing Plant in India
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Headlines:Kyocera Corporation (President: Tetsuo Kuba) announced that it will start construction of the Kyocera Group's first manufacturing plant in India -- aiming to further strengthen the company's industrial cutting tool business.
September 4, 2012
Kyocera Corporation (President: Tetsuo Kuba) announced that it will start construction of the Kyocera Group's first manufacturing plant in India -- aiming to further strengthen the company's industrial cutting tool business. On September 3, a groundbreaking ceremony was held in Jamshedpur, Jharkhand, India for the building which will house the new manufacturing company, KYOCERA CTC Precision Tools Private Limited*1.
Rendering of the completed KYOCERA CTC Precision Tools Private Limited manufacturing plant
“Today, we are conducting the groundbreaking ceremony with plans to complete the plant in June of next year in order to further expand our business and allow more customers to use our industrial cutting tools,” stated Kyocera Corporation President Tetsuo Kuba during a speech given at the groundbreaking ceremony. “We aim to expand the scale of operations and make a contribution to the further development of Jamshedpur.”
Scene from the groundbreaking ceremony held on September 3, 2012
(Left to right) Kyocera Asia Pacific Private Limited president: Kenji Aonuma; Kyocera Corporation Corporate Cutting Tool Group general manager: Ken Ishii; Kyocera Corporation president: Tetsuo Kuba; CTC (India) Private Limited director: Ramesh Agarwalla; Kyocera CTC Precision Tools Private Limited president: Kiyotada Takayanagi; Kyocera Asia Pacific India Private Limited president: Hideki Kitamura
In India the market for automotive and general industrial machinery is rapidly expanding, with fundamental growth also seen in infrastructure-related industries including energy, railway and road construction. Based on these circumstances it is expected that the market for industrial cutting tools will continue to grow at an average of 10% annually -- which is the highest level out of all the newly developing countries. Moreover, with the foray of more automotive manufacturers into India, price competition is intensifying, leading to a priority for purchasing domestically made products.
Kyocera currently operates sales offices in four cities in India including Gurgaon, Chennai, Bengaluru (Bangalore) and Pune. Furthermore, in June of this year Kyocera 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 establishment of a three-pillared structure for manufacturing, sales and technical support in the growing Indian market, Kyocera aims to expand sales of cutting tools in India to seven billion yen (USD89 million; INR4.96 billion) annually within five years*2.
| Location | Jamshedpur, Jharkhand (eastern India) |
| Start of construction | September 2012 |
| Start of operation | June 2013 (planned) |
| Size of facilities |
Lot area: approx. 8,000m2 Floor space: approx. 7,000m2 (2-story building) |
| Production |
Manufacture of industrial cutting tools (concentrating on inserts) |
*1 Kyocera CTC Precision Tools Private Limited was established through a joint venture by Kyocera Corporation's wholly-owned subsidiary dedicated to sales in the Asia-Pacific region, Kyocera Asia Pacific Private Limited (President: Kenji Aonuma), and industrial cutting tool manufacturer, CTC (India) Private Limited (Director: Ramesh Agarwalla).
*2 Sales of industrial cutting tools in India only. For the reader's convenience, based on exchange rates of USD1 = JPY 78.63; INR1 = JPY1.41; as of August 31, 2012.
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