News Release

Epson Opens New Inkjet Printer Plant in the Philippines

Opening ceremony

- TOKYO, Japan, August 25, 2017 -

Seiko Epson Corporation (TSE: 6724, "Epson") today announced that Epson Precision (Philippines), Inc., a manufacturing subsidiary of Seiko Epson Corporation, held a ceremony on August 25 to celebrate the opening of a new plant. The ceremony was attended by dignitaries from the Philippines government, including the Philippine Economic Zone Authority (PEZA), and Epson business partners.

Epson Precision (Philippines) is preparing to increase inkjet printer and projector production this year, and the new plant, which was completed at the end of June, provides extra inkjet printer production capacity. Meanwhile, an existing plant on the site began production on an additional projector production line at the end of July.

"We are proud to host in the PEZA zone one of the world's most-trusted and pioneering manufacturers of office machines including printers and projectors. Epson Precision (Philippines) has vastly contributed to the growth of the economy of this country. The new facility is a testament to Epson's commitment to continually providing high-quality products and maintaining its leadership in the international electronics industry," said PEZA Director General Charito Booc Plaza, who attended the ceremony.

Epson President Minoru Usui said, "Epson Precision (Philippines) will play a critical role in Epson's medium- and long-range business strategy. The company and its new factory will contribute to inkjet innovation and visual innovation, two of the four areas of innovation we are targeting under the Epson 25 Corporate Vision."

Epson uses a vertically-integrated business model involving the manufacturing, sales, service and support of finished products built from the ground up using original inkjet, 3LCD and other technologies. Going forward, Epson will leverage this model to provide products and services that surprise and delight customers around the world.

Outline of new plant

Investment amount Approx. US$143 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/