Japan-based Kyocera Corporation will come up with a new facility for industrial cutting tools in China’s Jiangxi Province to cater to the increasing demand from the automotive industry.
With operations set to start in January next year for manufacturing carbide inserts, the unit is set to emerge as the company's fourth base for such purpose in China, next to Dongguan, Zhuhai and Shanghai.
The cornerstone for the plant has already been laid at its Kyocera Precision Tools (Ganzhou) (KPTG) at Ganzhou City in Jiangxi Province, which is a part of joint venture floated by Kyocera and a China-based tungsten refining firm Grand Sea W&Mo Group for industrial cutting tools.
Kyocera Corporation chairman Tetsuo Kuba said: "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.
"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."
Image: Rendering of Kyocera's new manufacturing plant. Photo: courtesy of Kyocera Corporation.
