Kyocera has announced the formation of a new wholly-owned subsidiary, Kyocera Precision Tools, Inc., effective April 1, 2014.

The subsidiary, which is headquartered in Hendersonville, North Carolina, has been formed to consolidate North American cutting tool operations in the indexable, micro-tool, and printed circuit board (PCB) cutting tool markets.

Kyocera Precision Tools will carry the company’s full line of micro-tool and PCB cutting tool products, formerly supplied under the name Kyocera Tycom Corporation (KTC).

The consolidation is expected to be completed by July 1, 2014, and the full line of indexable cutting tool products currently supplied by the Cutting Tool Division of Kyocera Industrial Ceramics Corporation (KICC) will be merged into the new company as well.

The president of the new enterprise will be Koichi Nosaka, the former general manager of cutting tools at KICC, and Jim Good, former president of KTC will be vice president.

All existing cutting tool sales and production facilities will continue to remain operational, and the company is expecting a smooth transition with no interruptions in service.

The new combined entity will unify cutting tool resources and integrate both organizations as Kyocera’s overall cutting tool-related business in North America.

Kyocera makes specialized cutting tools for the aerospace, medical, automotive, general machining, power generation, printed circuit board and steel markets.

During the year ended March 31, 2013, the company’s net sales totalled approximately USD $13.6 billion.