©edhar-yralaits-dreamstime.com Electronics Production | April 05, 2012
Kyocera and CTC form new company in India
Kyocera’s subsidiary Kyocera Asia Pacific Private Limited, and industrial cutting tool manufacturer, CTC (India) have signed a joint-venture agreement to establish a manufacturing company in India.
Production at the new company is scheduled to start in June 2013, and will become the first Kyocera Group manufacturing location in India. With the establishment of the new company, Kyocera aims to construct a manufacturing system to meet local demand for industrial cutting tools together with CTC. In August 2009, Kyocera Asia Pacific India Private Limited was established in Gurgaon City as a sales subsidiary for the company's products, and currently operates sales offices in four cities in India including Pune, Bengaluru (Bangalore) and Chennai. By establishing a structure for manufacturing, sales and technical support in the expanding Indian market, Kyocera aims to expand sales of cutting tools in India to seven billion yen annually in five years.
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