Source: Business Wire
Wednesday, July 29, 2009 04:35 PM IST (11:05 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Chemicals, Commodities & materials, Electronic appliances & components, Telecommunications; Technology
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(BW)(KYOCERA-CORPORATION)(KYO)(6971)KYOCERA Establishes New Sales Company in India
Strengthening Components Sales in the High-Growth Indian Market
Kyoto, Japan, Wednesday, July 29, 2009 -- (Business Wire India) --
Kyocera Corporation (President: Tetsuo Kuba)(NYSE:KYO)(TOKYO:6971) today announced the establishment of KYOCERA Asia Pacific India Private Limited (hereafter, "KAPI") - a new Kyocera Group sales company that has been positioned to cohesively strengthen components sales in the continually expanding Indian market.
KAPI, which is to start operations on August 1, is a wholly-owned subsidiary of KYOCERA Asia Pacific Private Limited (President: Yuji Goto; headquarters: Singapore; hereafter, "KAP") - a Kyocera subsidiary dedicated to sales in the Asia-Pacific region.
In recent years, even amongst the BRIC countries, India has been accomplishing strikingly high economic growth - with a GDP growth rate second only to China. With development of the IT industry, and following the rapid expansion of the automotive and digital consumer electronics industries, many Japanese and foreign-based manufacturers have been setting up and relocating sales offices and manufacturing sites in the country.
Up until now, Kyocera sales activities to India had mainly been conducted from the KAP headquarters in Singapore. In 2005, KAP set up a representative office in Bangalore, India to help support the cutting tool sales of local distributors, and since then has also started actively marketing Kyocera's line of products including electronic, semiconductor, fine ceramic and thin film components as well as solar panels. Recognizing the importance of the rapidly growing Indian market, the establishment of KAPI will allow the Kyocera Group to better respond to customer needs and product demand.
As one of the markets in Asia on which Kyocera has placed strategic importance, KAPI will be able to aggressively develop its sales activities in India. The new company will begin with sales of cutting tools, and subsequently progress with further sales of other Kyocera components.
| Company Summary | ||||
| Company name: | KYOCERA Asia Pacific India Private Limited | |||
| Headquarters: | Gurgaon City, India (near the capital of New Delhi) | |||
| Shareholder composition: | Wholly-owned by KYOCERA Asia Pacific Private Limited | |||
| Capital: | 80 million Rupees (approx. JPY160 million; INR1 = approx. JPY2) | |||
| Start of operations: | August 1, 2009 | |||
| Representative: | Yuji Goto (also president of KYOCERA Asia Pacific Private Limited) | |||
| Operations: | Marketing and sales of fine ceramic components, semiconductor components, solar panels, cutting tools, applied ceramic products, electronic components, thin film products, etc. | |||
Kyocera Corporation (NYSE:KYO)(TOKYO:6971)(http://global.kyocera.com), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as "advanced ceramics"). By combining these engineered materials with metals and plastics, and integrating them with other technologies, Kyocera has become a leading supplier of solar power generating systems, telecommunications equipment, electronic components, laser printers, copiers, semiconductor packages, cutting tools and industrial ceramics. During the year ended March 31, 2009, the company's net sales totaled 1.13 trillion yen (approximately US$11.5 billion). The company, which marks its 50th anniversary and the 40th anniversary of its U.S. operations this year, is ranked #418 on Forbes magazine's 2009 "Global 2000" listing of the world's largest publicly traded companies.
CONTACT DETAILS
KYOCERA Corporation (Japan)
Elly Yoshikawa, +81-(0)75-604-3416
Corporate Communications
webmaster.pressgl@kyocera.jp
Fax: +81-(0)75-604-3516
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, CHEMICALS, COMMODITIES, ELECTRONICS, TELECOMMUNICATIONS, TECHNOLOGY
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