Kyocera Corp. recently announced that construction has been completed on the Kyocera Group’s first manufacturing plant in India, and that trial operations have begun at Kyocera CTC Precision Tools Private Ltd. The new facility is intended to strengthen the company’s cutting tools business in the Indian market, where demand for industrial cutting tools is expanding rapidly.
The industrial cutting tool market in India is reportedly expected to grow the fastest of all newly developing countries based on growth in the automotive, industrial machinery, energy, and infrastructure markets. In addition, with price competition intensifying among automotive manufacturers in India, there is a growing priority for purchasing domestically made products.
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