News Release

Epson Completes State-of-the-Art Plant in the Philippines

- Company to boost inkjet printer and 3LCD projector production volumes -

View of the new factory

- TOKYO, Japan, July 6, 2017 -

Seiko Epson Corporation (TSE: 6724, "Epson") today announced that manufacturing subsidiary Epson Precision (Philippines) Inc. has completed construction of a new plant aimed at boosting inkjet printer manufacturing volumes. The company is also seeking to expand 3LCD projector production within its existing facility.

Since the groundbreaking in January 2015, Epson has invested US$143 million to construct state-of-the-art facilities inside the grounds of the existing plant. The new facilities have been constructed with the environment in mind, and include on the roof a mega solar power generation system with a maximum capacity of approximately 3,000 kW.

As it proceeds with its mid-range business plan, Epson has determined that its current inkjet printer and projector manufacturing facilities in China, Indonesia and the Philippines were insufficient to meet expected demand. In inkjet printers, the company forecasts the need to significantly boost production capacity for its high-capacity ink tank models, which are currently experiencing rapid growth in emerging and other markets, and also for office inkjets including high-speed linehead inkjet multifunction printers, which are steadily gaining in popularity in markets worldwide.

Epson, the world's No.1*1 supplier of projectors for 16 successive years, will use space inside the existing plant to increase projector production capacity. The company's visual communications business continues to grow steadily with growing demand for projectors for business and education, for expanding commercial applications, and to meet expanding demand in emerging economies.

Epson plans to increase the workforce of Epson Precision (Philippines) to approximately 20,000 from the current 14,400*2 to respond to the planned increase in production.

Epson is committed to advancing its original technologies and to delighting customers by exceeding their expectations with products and services based on original core technologies.

*1 Source: Surveys by Futuresource Consulting Ltd., 2001 - 2016 (unit volume of projectors of 500 lumens and above)

*2 Future production and workforce estimates are subject to change according to circumstances.

Outline of new plant

Investment amount Approx. $US143 million from FY2015 to FY2017
Products manufactured Inkjet printers
Start of operations July 2017
Building area Approx. 53,000 m²
Total Floor area Approx. 108,000 m²
Structure Two-floor steel framed building

Outline of Epson Precision (Philippines)

Company name Epson Precision (Philippines) Inc.
Address Lima Technology Center, Lipa City, Batangas, 4217, Philippines
President Tadaaki Hagata
Established December 27, 1994
No. of employees Approx. 14,400 (as of the end of May 2017)
Land area Approx. 230,000 m²
Total Floor area Approx. 193,000 m² (including the new plant)
Products manufactured Inkjet printers, projectors, smart glasses
Ownership Epson Precision (Philippines) is a wholly owned subsidiary of Seiko Epson Corporation

About Epson
Epson is a global technology leader dedicated to connecting people, things and information with its original efficient, compact and precision technologies. With a lineup that ranges from inkjet printers and digital printing systems to 3LCD projectors, smart glasses, sensing systems and industrial robots, the company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics.
Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises more than 72,000 employees in 88 companies around the world, and is proud of its contributions to the communities in which it operates and its ongoing efforts to reduce environmental impacts.
http://global.epson.com/