Kyocera 6-K 2007
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of July 2007
Commission File Number: 1-07952
6 Takeda Tobadono-cho, Fushimi-ku,
Kyoto 612-8501, Japan
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
Date: July 10, 2007
Information furnished on this form:
1. Kyocera and Kennametal Agree on Alliance
July 10, 2007
Kyocera and Kennametal Agree on Alliance
Kyocera Corporation (Headquarters: Kyoto, Japan; President: Makoto Kawamura) (Kyocera) today announced that it has executed a mutual product supply agreement with Kennametal Inc., (Headquarters: Pennsylvania,, U.S.A.; President and CEO; Carlos M. Cardoso) (Kennametal), a manufacturer of metal cutting tools. Pursuant to the agreement, the parties will engage in mutual supply of products and business collaboration in sales and marketing.
The agreement is designed to complement the existing product lines of each company on a worldwide basis. Both Kennametal and Kyocera plan to increase sales of each others products throughout the world. Additionally, each company will continue to sell its own products through its established channels.
Kyocera believes that the business collaboration under this agreement will enable each company to leverage the strength of the other in different geographical regions. By adding complementary advanced cutting tools from Kennametal, such as solid endmills, holemaking tools, and milling products, Kyocera will strengthen its product lines and further establish itself as a global player.
For Kennametal, this agreement is in line with its growth strategies. It presents both companies with the opportunity to offer more products, reduce costs and increase each others production efficiencies. Most importantly ability to mutually complement and enhance product lines will enable Kennametal to offer the best possible service to customers.
Through this agreement, Kyocera is promoting further and continuing growth of its businesses.