Epson to Invest 12.3 Billion Yen in Inkjet-Printer, Projector, and Smart-Glasses Manufacturing Facility

printer plant

Epson Precision (Philippines) Inc. (the blue area shows planned site of new plant)

 

December 3, 2014 – Seiko Epson of Tokyo reports that it’ll invest 12.3 billion yen (approximately $103 million U.S.) in its manufacturing subsidiary Epson Precision (Philippines) Inc. to construct a new plant for increasing its production of inkjet printers and LCD projectors. The state-of-the-art facilities will be constructed inside the existing site by the early part of 2017, with operations slated to begin in the spring of that year.

Epson plans to install a mega solar power-generation system with a capacity of approximately 3,000 kWh on the roof of the new plant. It says this system will reduce overall daytime electricity consumption at the plant by half.

As it implements its mid-range business plan, Epson has determined that its current inkjet-printer and projector-manufacturing facilities in China, Indonesia, and the Philippines are insufficient to meet expected demand. With its inkjet printers, the company is forecasting the need to significantly boost production capacity for its core high-capacity ink-tank models, which it says are currently experiencing rapid growth, and also for office inkjets, which it says are beginning to make steady inroads into the market. Epson also sees the need to increase projector production as it expands its lineup. With growing demand for projectors used in business and education, expanding commercial applications, and increasing penetration in emerging economies, Epson forecasts its growth will surpass that of the market.

Epson plans to increase the workforce of Epson Precision (Philippines) to approximately 20,000 from the current 12,500 to respond to the planned increase in production.

The construction of this plant will have no material impact on Epson’s business results for the fiscal year ending March 2015.

Outline of new plant

Subject of investment Epson Precision (Philippines) Inc.
Address Lima Technology Center, Lipa City, Batangas, 4217, Philippines
Investment amount Approx. 12.3 billion yen by FY2016
Products manufactured Inkjet printers, projectors, smart glasses
Planned start of operations Spring 2017
Plant area Approx. 100,000 m2

Outline of Epson Precision (Philippines)

Company name Epson Precision (Philippines) Inc
Address Lima Technology Center, Lipa City,Batangas, 4217, Philippines
President Kazuyuki Amano
Established December 27, 1994
No. of employees Approx. 12,500 (as of November 2014)
Land area Approx. 230,000 m2
Plant area Approx. 85,000 m2

More Resources:

New Epson A3 Business Inkjet MFP, Printer, Bring A3 Printing Closer to Workers in Small and Mid-Size Workgroups

Strong Quarter for Epson; Higher-Priced Inkjet Printers Help Drive Growth

Epson Releases New EcoTank All-in-Ones with Refillable Ink Tanks in Western Europe

Revenue and Earnings Exceed Epson’s Expectations for Latest Quarter

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