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City of Danville Office of Economic Development
P.O. Box 3300 | 427 Patton St.
Danville, VA 24543-3300
Ph: (434) 793-1753 | Fx: (434) 797-9606
International Line: 001-434-793-1753


Posted on: September 15, 2016

Fast facts about Kyocera and SGS Tool

Kyocera Corp. is a huge company that operates plants and offices around the world. It recently purchased SGS Tool Co. in Munroe Falls, Ohio, and has renamed the company.

In Danville, a new plant will be opened in the Cyber Park and will be named Kyocera SGS Tech Hub LLC, with its parent company being Kyocera SGS Precision Tools Europe Ltd. — which in turn is owned by Kyocera Corp.

According to data on the websites of Kyocera and SGS Tool Co., as well as comments made during the announcement Thursday, the following are some facts about both companies.

Kyocera Corp.
» Founded: 1959

» Group companies: 235

» Employees worldwide: 69,229

» Main business segments: electronic devices, applied ceramic products, solar energy systems, cutting tools, medical materials, jewelry, kitchen tools, semiconductor components, fine ceramics including automotive components and telecommunications equipment.

» Other business segments include: information systems, telecommunications services, optical components, two upscale hotels and a golf resort in Japan.

» Unusual: the first two floors of the 20-story, Kyoto, Japan, headquarters houses the Kyocera Museum of Art and the Kyocera Museum of Fine Ceramics, which are open to the public with no admittance fees.

» Net sales: in the year ending March 31, 2016, the company’s net sales were approximately $12.7 billion

About SGS Tool Company
» Founded: 1951

» Acquired by Kyocera Corp. in March 2016

» Manufactures: high performance carbide cutting tools, such as drills and routers, for aerospace, automotive, medical, power generation and general engineering applications

» Plants and/or offices: United States, United Kingdom, France, Germany, Japan, China, Russia, Eastern Europe and Spain

Next steps
Kyocera SGS Tech Hub LLC is purchasing property in the Regional Industrial Facility Authority-owned Cyber Park and plans to build a 30,000-square-foot plant that will manufacture custom carbide cutting tools.

The plant will be completed in about a year — but the company plans to move quickly and establish temporary offices and manufacturing space at the Institute for Advanced Learning and Research, with the goal of starting production in November.

Michael ?Livingston reports for the Danville Register & Bee. Contact him at (434) 791-7993.

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