Epson Completes State-of-the-Art Plant in the Philippines
- Company to boost inkjet printer and 3LCD projector production volumes -
- 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|
|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|
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.