Ryobi

Ryobi Limited will invest $50 million to expand its RDCM factory in Irapuato, Mexico, adding 8,500 m² of floor space and five die casting machines to meet growing demand for EV parts in North America. Construction starts July 2024 with completion scheduled for April 2025.

Kyocera signed a share transfer agreement to acquire 80% of a newly established company, Kyocera Industrial Tools Corporation, which will inherit Ryobi's power tool business. The acquisition is expected to close in January 2018.