Kyocera To Acquire 100 Percent Ownership Of US-Based Solid Tool Manufacturer

Main Navigation

Advertisement
Social Connect
Resources
Our Brand Family
  • Tomorrow's Tech University
AftermarketNews - Babcox Media
The Business of Selling Parts
Automotive Aftermarket Manufacturing

Kyocera To Acquire 100 Percent Ownership Of US-Based Solid Tool Manufacturer

Effective May 2, Kyocera will rename SGS Tool Co. as KYOCERA SGS Precision Tools Inc.

aftermarketNews Staff
By aftermarketNews Staff
Published:

SGS-logoKyocera Corp. has completed a share purchase agreement to acquire 100 percent of the U.S.-based solid tool manufacturing and sales company, SGS Tool Co.

Related Articles

Effective May 2, Kyocera will rename the company as KYOCERA SGS Precision Tools Inc. By incorporating SGS Tool, Kyocera plans to increase sales of the cutting tool business in North America by 2.5 times by the fiscal year ending March 31, 2019.

Kyocera has become a leading supplier of cutting tools, industrial ceramics, solar power generating systems, mobile phones, printers, copiers, electronic components and semiconductor packages. During the year ended March 31, 2015, the company’s net sales totaled 1.53 trillion yen (approx. $12.7 billion USD).

Cutting tools are utilized for machining in various industrial fields, including automotive, aerospace, energy, general industrial machines and medical related products.

You May Also Like

MAHLE Releases 2023 Sustainability Report
Automotive Aftermarket Manufacturing

ZF Cleans Up Metro Park for Earth Day

ZF said the effort was in line with its dedication to sustainability, zero-waste and circularity.

Emma Henderson
By Emma Henderson
Emma Henderson is the Managing Editor of aftermarketNews and Counterman. She joined Babcox after a career as a television reporter for stations across the Midwest. Contact her at [email protected]
Published:
ZF Cleans up Metro Park

This past weekend, MEMA Aftermarket Suppliers' Cheryl Dry and Brenna McCann joined ZF Group to help clean up Stony Creek Metro Park in Shelby Township, Mich.

The effort was in line with ZF's dedication to sustainability, zero-waste, and circularity—which includes remanufacturing to reduce resource use and enable a second life for many products, the company said.

Read Full Article

More Automotive Aftermarket Manufacturing Posts
PRT Launches 30 New Complete Strut Assemblies

The new items represent more than 10 million vehicles in new coverage, PRT said.

By Mary DellaValle
Motorcar Parts of America’s Selwyn Joffe on Core Values

Sustainability is embedded in every facet of the company’s operations, Joffe affirmed.

By aftermarketNews Staff
Motorcar Parts of America's Selwyn Joffe on Core Values
Bendix to Consolidate Nevada Operation into Indiana Campus

The company expects no changes to availability going forward and little to no customer impact as the consolidation is completed.

By Emma Henderson
NexaMotion Group Expands Product Offering in Fort Worth, Texas

General repair product lines are now available at Transtar’s branch in Fort Worth, Texas, in addition to transmission and driveline-related products.

By Mary DellaValle

Other Posts

Snap-on Approved for Direct Access to Nissan Secured Gateway Vehicles 

The ability to work with Nissan secure systems is available on Snap-on Wi-Fi enabled products operating the latest software. 

By Emma Henderson
Nissan Secured Gateway Vehicles 
Solero Technologies to Acquire Kendrion’s Automotive Business

The acquisition would expand Solero’s presence with the addition of five European plants located in the Czech Republic, Germany and Romania, as well as one plant in the U.S.

By Mary DellaValle
Solero Technologies to Acquire Kendrion's Automotive Business
FCS Introduces 16 New Numbers in April

The new numbers cover many popular applications, including the Jeep Compass, Lexus GX470, Mazda 3, Nissan Armada, Ram 1500 and more.

By Mary DellaValle
FCS Introduces 16 New Numbers in April
US Motor Works, LLC Releases New Fuel Pumps

The latest release includes coverage for Toyota and Mazda applications.

By Mary DellaValle