Kyocera SGS Precision Tools Breaks Ground on Tech Hub in Virginia
The president of the company praises the hub’s access to a plethora of local advanced manufacturing and research organizations near Danville.
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Hwacheon Machinery America, Inc.
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One year after the acquisition of SGS Tool Co. by Kyocera Corp., Kyocera SGS Precision Tools has broken ground in Danville, Virginia, beginning work on the Kyocera SGS Tech Hub. Representing a $9.5 million investment and partnership with The City of Danville and The State of Virginia, the Tech Hub is projected to create over three dozen jobs supporting next-generation engineering and manufacturing of cutting tools serving the automotive, aerospace, medical and power generation industries, among others.
The 30,000-square-foot facility will be built on 10 donated acres within an advanced manufacturing and research community known as Cyber Park. Featuring open work environments and collaborative spaces, the Tech Hub facility is designed for easy communication and idea sharing across the office and manufacturing floor.
“The support and investment elected officials have made into developing a skilled workforce and engineering technology hotspot truly differentiate Danville and make it a great place to plant roots and drive innovation,” says Jason Wells, President of Kyocera SGS Tech Hub. “Excellent high school education and trade programs, world-class university engineering programs, and supporting industry research groups such as CCAM and the Institute for Advanced Learning and Research combine into a tour de force that makes Virginia an integral part of our future.”
Building construction is scheduled to last one year with a planned opening in May of 2018. Until building completion, the Tech Hub will be operating out of space provided by the Institute of Advanced Learning and Research through the assistance of the Danville Economic Development Department.
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