A manufacturer of high-performance cutting tools is establishing a North American technology and strategic manufacturing hub in Danville.
KYOCERA SGS Precision Tool Inc. will spend $9.5 million to open an operation in Cyber Park, which is owned by the Danville-Pittsylvania County Regional Industrial Facility Authority. The investment will create 35 new jobs.
The operation will be called the KYOCERA SGS Tech Hub LLC.
Gov. Terry McAuliffe met with company officials during the 2015 Paris Air Show and a 2016 marketing mission in Europe.
