Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

KYOCERA SGS Precision Tool Plans Manufacturing-Tech Hub In Danville, Virginia

09/08/2016
KYOCERA SGS Precision Tool Inc., a wholly owned subsidiary of KYOCERA Corporation and a leader in solid carbide cutting tool manufacturing, will invest $9.5 million to establish a North American technology and strategic manufacturing hub, at the Danville-Pittsylvania County Regional Industrial Facility Authority-owned Cyber Park in Danville, Virginia.

“Under the encouragement of Governor McAuliffe, KYOCERA SGS Precision Tool visited the state of Virginia and the city of Danville, where we instantly connected with a location and a population of people that are in the early stages of a renaissance that perfectly aligns with our own internal evolution,” said Alan Pearce, CEO of KYOCERA SGS Tech Hub. “We are a company with a long history of tradition and values, where creative and progressive thinking has established industry changing and leading high performance solutions.

“The history of the Danville area and its people, coupled with the high level technical skill development and engineering advancement efforts driving Virginia into an industrial leading position in the future, is the essence of why the KYOCERA SGS Tech Hub is being created in Danville, Virginia. The Tech Hub is our investment into a forward thinking, proactively leading, and quick response industrial solutions hub tailored to each customer’s unique needs, which is precisely how the state of Virginia and the city of Danville approached us during our search to finalize a location to shape the future of our organization, he added.

“We are excited to forge the next chapter of our future success alongside our new home of Danville, Virginia,” said Jason Wells, Chief Technical Officer of KYOCERA SGS Tech Hub. “The support and investment the elected officials have demonstrated complement the emphasis they have placed into developing a skilled workforce starting at the high school level, networking world class University level engineering programs, and supporting industry changing research at facilities such as CCAM and the Institute for Advanced Learning and Research. This provides us with complete confidence that our only option is success in Virginia.”

Virginia Economic Development Partnership worked with the City of Danville, Pittsylvania County, and the Commonwealth Center for Advanced Manufacturing to secure the project for Virginia.

Governor McAuliffe approved a $200,000 grant from the Commonwealth’s Opportunity Fund to assist Danville and Pittsylvania County with the project. The Virginia Tobacco Region Revitalization Commission approved $350,000 in Tobacco Region Opportunity Funds. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. Funding and services to support the company’s employee training activities will also be provided through the Virginia Jobs Investment Program.

“KYOCERA SGS Precision Tool’s decision to establish a North American technology and strategic manufacturing division of the company in the Commonwealth is a huge win for the City of Danville and Pittsylvania County, and for Virginia’s booming advanced manufacturing industry. As a strategic supplier to Rolls-Royce and an Organizing Member of CCAM, we are confident that the company can serve as a hub to attract additional local machine tool operators and suppliers operations to the region. Recruiting global companies of this caliber is a key component of our marketing and trade mission, as well as our goal to diversify and build a new Virginia economy,” said Governor Terry McAuliffe.

“We welcome KYOCERA SGS Precision Tool to the Danville/Pittsylvania County region and the burgeoning sector of advanced manufacturing companies that call Virginia home,” said Virginia Secretary of Commerce and Trade Todd Haymore. “CCAM, already a vital component of the Commonwealth's business attraction and retention assets, continues to provide a pipeline of qualified workers in this ever-growing industry, and we are confident that KSPT will benefit from a talented pool of employees that are trained at a world-class facility."

Article Discussion

Follow Area Development

Share