# Niterra and IMC sign basic agreement for joint venture in cutting tools

Niterra (Japan Special Ceramics) signed a basic agreement with IMC International Metalworking Companies to form a joint venture by merging Niterra's machine tool business into subsidiary NTK Cutting Tools, with IMC holding 51% and Niterra 49%.

- Type: Partnership
- Announced: 2022-07-29
- Where: Japan
- Status: announced
- Products: cutting tools, machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [NTK Cutting Tools](https://endata.com/companies/15014.md)
- [IMC International Metalworking Companies](https://endata.com/companies/17524.md) (partner)
- [Niterra](https://endata.com/companies/64428.md) (partner)

## Sources

- [niterragroup.com](https://www.niterragroup.com/news/detail/002693.html), 2022-07-29: "本提携では、当社の機械工具事業に関する連結子会社であるＮＴＫカッティングツールズ株式会社に当社の機械工具事業を集約したうえで、出資比率をIMC社51.0％、当社49.0％とすることで合弁会社化し、両社が運営することを検討しております。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.