Kyocera Consolidates North American Operations
The company has formed a subsidiary to consolidate its cutting tool operations in North America.
Kyocera (Hendersonville, N.C.) has created a wholly-owned subsidiary, Kyocera Precision Tools Inc., to consolidate its North American operations in the indexable, micro-tool and printed circuit board (PCB) cutting tool markets.
Effective April 1, the subsidiary is carrying the company’s full line of micro-tools and PCB cutting tool products, which were formerly supplied under the name Kyocera Tycom Corp. (KTC). By July 1, its full line of indexable cutting tool products, currently supplied by the cutting tool division of Kyocera Industrial Ceramics Corporation (KICC), will also be merged into the new company.
Koichi Nosaka, former general manager of cutting tools at KICC, will serve as the subsidiary’s president, and Jim Good, former president of KTC, will serve as its vice president.