According to the press release, Epson Precision 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.
"Epson Precision will play a critical role in Epson's medium- and long-range business strategy,” said Epson President Minoru Usui. “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, the press release states.
Going forward, Epson will leverage this model to provide products and services that surprise and delight customers around the world, according to the press release.
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|
|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|
Epson Precision (Philippines) is a wholly owned subsidiary of Seiko Epson Corporation
Photo courtesy Epson