The joint venture will be established in Istanbul along with a logistics center, while a technical center will also be established in 2016 to strengthen technical support for Turkish customers. The sales target for the middle term is approximately €10 million.

Bilginoglu Endüstri has been selling cutting tools, measuring equipment and foundry materials since 1973 and has worked with Kyocera for 20 years. It is headquartered in Izmir and has sales offices in Istanbul and Bursa. A new office is being set up in Istanbul, which will also house the joint venture in April 2015.

The Kyocera Unimerco Group opened its first representative office in Istanbul in July 2014

‘We believe that this joint venture will breathe new life into the Turkish cutting tools sector, said Bilginoglu Endüstri President Ercan Bilginogullari. ‘We will blend Kyocera’s strong technology with our local experience to establish a successful and long-term relationship.’