Kyocera Corporation announced today that it will construct a new manufacturing plant in China, aimed at further strengthening the company’s industrial cutting tool business in the country.
On June 29, a groundbreaking ceremony was held at Kyocera Precision Tools Co., Ltd. located in Ganzhou City, Jiangxi Province. KPTG was established in January 2015 as a joint venture between Kyocera and a tungsten refining company in China, Ganzhou Grand Sea W&Mo Group Co., Ltd, in order to meet the growing demand for industrial cutting tools in the automotive industry in China — where more automobiles are manufactured than any other country in the world.

“The Kyocera Group delivers a diverse range of products, and is working day by day to satisfy customers around the world. Notably, our industrial cutting tool business has achieved remarkable growth in recent years and is expanding globally,” stated Kyocera Corporation Chairman Tetsuo Kuba during a speech given at the groundbreaking ceremony. “With many customers in China, we decided to construct this new manufacturing plant in Ganzhou to further develop our business. We hope that our business in Ganzhou will not only contribute to the region and our company, but also play a role in strengthening the relationship between China and Japan.”



KPTG plans to begin operations at the new plant in January 2016 to produce carbide inserts. The plant will become Kyocera’s fourth manufacturing base for industrial cutting tools in China, in addition to its plants in Dongguan, Zhuhai and Shanghai.
By strengthening its manufacturing capability, Kyocera will be better equipped to respond to the expanding demand in China and aims to further increase its sales in the region.


Tungsten Carbide Manufacturer & Supplier: Chinatungsten Online - http://www.tungsten-carbide.com.cn
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Domestic tungsten market conditions continue to decline, further price dip, demand weakness unchanged. Looking at the market, the downward trend of consolidation has not changed. Prior tungsten ore prices dip, mine face cost pressures, some choose shutdowns, one is to reduce inventory, slow the pace of production; secondly, low current market price, mining sales will is not strong, hope rose serious psychological. The production scale of the ATP manufacturers have a more significant decline, in spite of all production of the manufacturers are not many, but production has been the choice of most of the smelters.

In order to follow the market, Minmetals and Ganzhou ITIA have reduced the monthly price, and the market close. Still, the dilemma is still difficult to break through the downstream carbide business orders are still huge compared with same period last year. Weak consolidation market situation has not changed.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Shares of Kennametal Inc. appreciated by 1.23% during the past week but lost 2.05% on a 4-week basis. The shares have outperformed the S&P 500 by 1.64% in the past week but underperformed the index by 1.78% in the last 4 weeks.
Currently the company Insiders own 0.3% of Kennametal Inc. Company shares. In the past six months, there is a change of -3.05% in the total insider ownership. Institutional Investors own 95.3% of Company shares. During last 3 month period, 5.98% of total institutional ownership has changed in the company shares. The company shares have dropped 23.27% in the last 52 Weeks. On July 22, 2014 The shares registered a 52-week high of $46.76 and 52-week low was seen on January 29, 2015 at $27.63. The 50-day moving average is $36.64 and the 200 day moving average is recorded at $34.87. S&P 500 has rallied 7.73% during the last 52-weeks.

Kennametal Inc.: On Friday heightened volatility was witnessed in Kennametal Inc. (NYSE:KMT) which led to swings in the share price. The shares opened for trading at $35.11 and hit $35.35 on the upside , eventually ending the session at $35.32, with a gain of 0.8% or 0.28 points. The heightened volatility saw the trading volume jump to 557,756 shares. The 52-week high of the share price is $46.76 and the company has a market cap of $2,800 million. The 52-week low of the share price is at $27.63 .



Kennametal Inc. is a supplier of tooling, engineered components and advanced materials consumed in production processes. It operates in two segments: Industrial and Infrastructure. The Companys product offering includes a wide selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as advanced, materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. The Company specializes in developing and manufacturing metalworking tools and wear-resistant engineered components and coatings using specialized types of powder metallurgy. The Companys metalworking tools are made of cemented tungsten carbides, ceramics, cermets and super-hard materials. In November 2013, Allegheny Technologies Inc has completed the sale of its tungsten materials business to Kennametal Inc.

Tungsten Carbide Manufacturer & Supplier: Chinatungsten Online - http://www.tungsten-carbide.com.cn
Tel.: 86 592 5129696; Fax: 86 592 5129797; Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Tungsten market: domestic tungsten market conditions continue to decline, further price dip, demand weakness unchanged. After last week's tungsten-based products in general have dropped this week, tungsten businesses operating less enthusiasm, tungsten products market mainstream disadvantaged stability maintenance, low operating ferrotungsten market, external sales of the manufacturers offer less than 5, overseas traders tried to drive down the inquiry, sluggish exports, is expected to post ferrotungsten Budie price or, if the transaction or slightly Yindie. Some prices dropping slightly, expected short-term tungsten market is difficult to reverse.

Molybdenum market: international low-cost procurement of molybdenum oxide resistance occurs, causing Chinese enterprises to import buying surge. Molybdenum in China due to limited international spot, low-cost procurement Difficult, holding the goods began tentatively upgrade offer, stop the declining trend in the international price of molybdenum. Outlook trend there are still many uncertainties. Expected short-term rebound in the domestic molybdenum market is difficult.