Japan's superhard tool giant Tungaloy (Kawasaki City) will increase the capacity of replaceable inserts for machine tools in China. In fiscal 2008, we plan to invest approximately 1 billion yen in the production plant's factory and introduce stamping equipment and grinding equipment. Strive to increase production capacity by 40% from the end of 2011 to reach 1 million per month. In China, the demand for super-hard tools for the processing of automotive and heavy-duty components is expanding, so the company decided to establish a production increase system to expand its share in China.
The super-hard alloy inserts used for the machining of automotive and marine components will be produced. In the factory of the production subsidiary "Xiamen Tailuo Superhard Tools Co., Ltd." (Fujian Province), the company has introduced equipment for sintering tungsten carbide powder raw materials and grinding machines, and added production lines. The number of employees will also increase by about 40% from the current 200, and technical guidance will be strengthened.
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