KYOTO, JAPAN - Aiming to double its woodworking tool sales, the Kyocera Group industrial cutting tools subsidiary, Kyocera Unimerco A/S has acquired all shares of Garsdalo Medienos Technologija (GMT), a Vilnius, Lithuania manufacturer and distributor of woodworking tools.
Kyocera Unimerco says it aims to strengthen its woodworking tool business currently centered in Northern Europe, and double its sales in this business segment by the year 2020.
In Central and Eastern Europe, the woodworking market for processing building material and furniture is expanding, backed by low-cost and abundant labor, Kyocera says, with demand increasing for processing tools. Based on this growth, Kyocera Unimerco had been considering expanding into these markets.
Kyocera Unimerco - its U.S. office is based in Saline, MI - says it markets custom-made tools in the field of woodworking based its strong technological capabilities, and that it has a proven record of offering woodworking tools for processing items such as window frames and kitchen furniture. GMT, with 42 employees, has steadily expanded its business since foundation in 1998, producing tools for general furniture used by customers, including major furniture manufacturers. It has been a distributor for Kyocera.
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