KYOCERA Completes Sale of 10.35-Acre Commercial Real Estate Parcel in Vancouver, WA, to Precise Manufacturing & Engineering
VANCOUVER, WA — Jan. 10, 2017 — Kyocera International, Inc. today announced that it has sold a 10.35-acre parcel of commercial real estate here to Precise Manufacturing & Engineering, a Vancouver-based enterprise specializing in steel manufacturing, for $4.15 million.
The parcel lies adjacent to Kyocera’s manufacturing operations at 5713 East Fourth Plain Boulevard, which Kyocera will retain and expand. In fact, Kyocera has nearly finished construction of an 18,000-square-foot building that will increase its manufacturing area by 45 percent in Vancouver, where Kyocera creates specialty custom-order structural components from advanced ceramic materials. Kyocera’s ceramics are used in many high-performance, high-reliability applications, with key roles in the semiconductor, aerospace, automotive, medical and renewable energy markets.
“This transaction allows Kyocera to unlock the value of land that we are not currently utilizing, while leaving us ample space to continue growing our business,” said Bob Whisler, President of Kyocera International, Inc. “The sale will also support the City of Vancouver’s economic development goals through the addition of Precise Manufacturing & Engineering as our new neighbor on the Fourth Plain Corridor.”
Kyocera International, Inc., based in San Diego, CA, operates seven manufacturing sites in North America, including San Diego and Costa Mesa, CA; Vancouver, WA; Hendersonville, NC; Plymouth, MI; Wapakoneta, OH; and Tijuana, Mexico. It is a wholly-owned subsidiary of Kyocera Corporation of Kyoto, Japan.
Kyocera Corporation (NYSE:KYO)(TOKYO:6971) (http://global.kyocera.com/), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as “advanced ceramics”). By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of electronic devices, industrial components, cutting tools, semiconductor packages, solar power generating systems, mobile phones, and document solutions equipment, including printers and copiers. During the year ended March 31, 2016, the company’s net sales totaled 1.48 trillion yen (approx. USD13.1 billion). Kyocera appears on the Thomson Reuters list of the “Top 100 Global Innovators” and is ranked #531 on Forbes magazine’s 2016 Global 2000 listing of the world’s largest publicly traded companies.
Meridith Marquis, Divisional V.P. of General Affairs,
Kyocera International, Inc.
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