DANVILLE, VA. (AP) - A tool manufacturing company owned by a Japanese conglomerate is opening a new operation in Danville and Pittsylvania County that will create 35 new jobs.
Gov. Terry McAuliffe's office announced Thursday that KYOCERA SGS Precision Tool Inc. will invest $9.5 million for a new technology and strategic manufacturing hub.
The company makes solid carbide high-performance end mills, drills, and stainless steel medical tools.
McAuliffe's office said the company is a strategic supplier to Rolls Royce, which has an advanced manufacturing plant in Virginia. The state will provide KYOCERA at least $550,000 in grants, according to the governor's office.
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