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Kyocera builds India's first production base for cutting inserts and shank tools
In order to strengthen the machine tool business in India, KYOCERA Asia Pacific Private Limited, a wholly-owned sales subsidiary of Kyocera Corporation (hereinafter referred to as 'Kyocera'), established a joint venture in India with CTC (India) Private Limited, an Indian cutting tool manufacturer, in mid-April. Agreement to establish a cutting tool manufacturing company. The new company, called Kyocera CTC Precision Tools Private Limited (located in Jharkhand, India), is expected to start operations in June 2013. The product range includes cutting tools (inserts, toolholders, etc.) and will be Kyocera Group's first in India. a production base. In recent years, India's automobile market and general industrial machinery market have developed rapidly. In particular, the energy industry, railways, highways and other infrastructure industries have huge development potential, which will drive the future development of the country's cutting tool market. According to China Machine Tool Network | Aoli Network predicts that the Indian cutting tool market will lead other emerging countries with an average annual growth rate of 10% in the future, and will continue to grow. In addition, car manufacturers entering the Indian market have begun to prioritize local products in India in order to improve cost competitiveness. The new production base of Kyocera aims to meet the rapidly growing demand for cutting tools in India with a complete production system. Kyocera established its sales subsidiary KYOCERA Asia Pacific India Private Limited in India in August 2009, and has since opened sales outlets in four cities in India, including Gurgaon, Pune, Bangalore, and Chennai, and will add more in the future. More sales outlets to strengthen the sales system. In addition, in terms of technical services, Kyocera plans to set up a tool technology center in Gurgaon in June this year to build a technical service system that can meet the needs of the local market. The Indian market has huge potential and broad prospects. By establishing and improving the production, sales and technical service system in India, Kyocera strives to increase the sales of machine tools in India to 7 billion yen in five years.