Kyocera Corporation (NYSE:KYO)(TOKYO:6971) held a groundbreaking ceremony last week for a manufacturing plant expansion in Kirishima City, Kagoshima, Japan, where it plans to double its production capacity for fine ceramic structural components.

The expansion, scheduled for completion in October 2018, will bring a new building with 29,232 square meters (about 314,650 square feet) of additional space. The new plant will produce fine ceramic structural components used mainly by companies that manufacture semiconductors or liquid-crystal displays (LCDs).

Kyocera anticipates rising demand for semiconductors and LCDs as Internet of Things (IoT) and artificial intelligence (AI) applications boost demand for high-speed, high-volume data processing. The shift from hard-disk data storage to semiconductor memory and solid-state drives has increased demand for semiconductor processing equipment. Additionally, the proliferation of high-definition (HD) display technology in TVs and smartphones has increased demand for the equipment used to manufacture flat-panel displays. Kyocera's new plant will produce components used in key manufacturing processes for these and other high-precision products.

Kyocera's investment will contribute to Kagoshima's local economy and create employment opportunities. The groundbreaking reflects a construction agreement executed in October between Kyocera and the city of Kirishima.
 

Details of the New Plant
Name   Kyocera Corporation Kagoshima Kokubu Plant #4-1
Location On the premises of Kyocera's existing Kagoshima Kokubu Plant,

1-1 Kokubuyamashita-cho, Kirishima, Kagoshima 899-4396 Japan
Construction cost Approximately 5.6 billion yen (approx. USD 50.4 million)
Building area 5,562m 2
Total floor space 29,232m 2
Expected start of operations October 2018
Main products Fine ceramic structural components used in semiconductor and flat-panel display manufacturing equipment
First-year production plan   Approximately 3 billion yen (from October 2018 through March 2019)
 

About KYOCERA

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 integrating them with other technologies, Kyocera has become a leading supplier of industrial and automotive components, electronic devices, semiconductor packages, solar power generating systems, printers, copiers, and mobile phones. During the year ended March 31, 2017, the company's consolidated net sales totaled 1.42 trillion yen (approx. USD 12.7 billion). Kyocera appears on the "Top 100 Global Innovators" list by Clarivate Analytics and is ranked #522 on Forbes magazine's 2017 "Global 2000" listing of the world's largest publicly traded companies.

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