KYOCERA Completes North American Cutting Tool Business Consolidation
New company, KYOCERA Precision Tools, Inc., combines cutting tool operations of KYOCERA Industrial Ceramics Corporation and former Kyocera Tycom Corporation
Hendersonville, NC – July 1, 2014 – Kyocera announced that it has completed the consolidation of its North American cutting tool business units into one new, wholly-owned subsidiary company, effective today.
Kyocera Precision Tools, Inc. (KPTI), created on April 1, 2014, is now responsible for the North American manufacturing and marketing of Kyocera industrial cutting tool products, including indexable, micro-tool, and printed circuit board (PCB) cutting tools.
Since April 1, the new company has supplied all micro-tool and PCB cutting tool products formerly marketed under the name Kyocera Tycom Corporation (KTC). Additionally, as of today, Kyocera’s full line of indexable cutting tool products, previously supplied by the Cutting Tool Division of Kyocera Industrial Ceramics Corporation (KICC), has also been merged into the new company, creating a one-stop shopping experience for cutting tool customers in North America.
KPTI has hosted nine regional training seminars since April to educate customers about its operations and expanded product line. All existing North American sales and production facilities for Kyocera cutting tools are planned to remain operational. Kyocera anticipates a smooth transition with no interruption in service to users, aiming to provide value-added solutions for its customers’ toughest manufacturing challenges.
Kyocera Precision Tools, Inc. is headquartered in Hendersonville, NC. Leading the enterprise as President is Koichi Nosaka, former general manager of cutting tools at KICC, and, as Vice President, Jim Good, former president of KTC.
The new company creates a combined enterprise that optimizes the strengths of both organizations to offer even better service throughout North America. It will unify cutting tool resources for greater efficiencies while positioning the new organization for continued success. Customers will benefit from a unified sales and support team offering improved customer service and an expanded portfolio of cutting tool products and solutions for the automotive, aerospace, general machining, medical, power generation, printed circuit board and steel markets.
For additional information, please contact:
Kyocera Precision Tools, Inc.
102 Industrial Park Road
Hendersonville, NC 28792
Kyocera Precision Tools, Inc. is headquartered in Hendersonville, NC, with production facilities there and in Costa Mesa, CA and Wapakoneta, OH. The company provides specialized cutting tools for the aerospace, medical, automotive, general machining, power generation, printed circuit board and steel markets.
Kyocera Corporation (NYSE:KYO) (TOKYO:6971), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine (or “advanced”) ceramics. Kyocera specializes in combining these engineered materials with other technologies to create cutting tools, industrial components, electronic devices, semiconductor packages, solar power generating systems, printers, copiers and mobile phones. During the fiscal year ended March 31, 2014, the company’s consolidated net sales totaled 1.45 trillion yen (approx. $14.1 billion USD).
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