TOKYO, Japan, July 16, 2018 –Seiko Epson Corporation (TSE: 6724, “Epson”) has completed construction work on a new factory at its Hirooka Office in Shiojiri, Japan, that started in the autumn of 2016.
The new factory will be used to produce PrecisionCore print chips, a core component of Epson’s most advanced PrecisionCore inkjet printheads. The new factory, which will begin operations in the 2018 fiscal year (ending March 31, 2019), will triple current PrecisionCore print chip production capacity.
Under its Epson 25 Corporate Vision, Epson is targeting the office, commercial, and industrial printing markets. In FY2017, the company released high-speed linehead inkjet multifunction office printers as a major part of its strategy to drive future growth. Epson will expand sales of high-capacity ink tank printers, which have been driving near-term growth, in both advanced and emerging economies. In FY2018, Epson plans to sell 9.5 million units—a 1.7-million unit increase over FY2017.
In the commercial and industrial sectors, an accelerating shift from analog to digital solutions is expected to generate significant market growth for printers used for printing signage, textiles and product labels. Epson will continue to strengthen its lineup of commercial and industrial large-format printers, and will boost both its R&D and manufacturing capability.
The new factory will enable Epson to expand its presence in these markets in addition to bolstering its ability to handle an expected medium-range increase in demand for printheads. By leveraging its production capacity, Epson also plans to rollout sales of its PrecisionCore printheads for large-format printers worldwide, and work with its partners to accelerate the shift to digital in commercial and industrial printing.
The new factory will be the second production site for PrecisionCore print chips, which are currently manufactured at the Suwa Minami Plant in Nagano Prefecture, Japan. The structure, facilities, and equipment of the new factory boast excellent disaster resistance, thus reinforcing Epson’s business continuity capabilities.
The new factory is also designed to achieve 20% higher space productivity than existing factories. It is equipped with a research and development function and will play a key role in improving printhead quality and productivity primarily through the development of production technology.
Epson is committed to inkjet innovation. By advancing its original technologies and providing products and services based on its unique core devices, the company seeks to lessen environmental impact through its efforts to expand the world of digital printing.
Profile of the new factory
|Name||Hirooka Office Building 9|
|Address||80 Harashinden, Shiojiri-shi, Nagano-ken 399-0785|
|Operations||PrecisionCore printhead production (front-end process) and R&D|
|Completion||June 30, 2018|
|Building area (m2)||10,653 m2|
|Total floor area||46,915 m2|
|Building construction||Steel-frame, five stories above ground and one below|
|Investment||Approx. 25.5 billion yen|
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, watches 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 76,000 employees in 87 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.
About Epson Singapore
Since 1982, Epson has developed a strong presence across major markets in Southeast Asia and South Asia. Led by the regional headquarters Epson Singapore, Epson’s business in Southeast Asia spans an extensive network of 11 countries with a comprehensive infrastructure of close to 500 service outlets, 7 Epson solution centres and 7 manufacturing facilities.
About Epson Philippines
Epson’s corporate presence in the Philippines commenced in 1998. It grew rapidly into a billion-peso company in a span of a few years from its establishment due to its client-oriented approach in its business management style by its dedicated and innovative staff members and officers. Epson Philippines has an extensive network of 77 Authorized Service Centers nationwide with more than 200 dealers and more than 800 shops across the Country. For more details, please visit our website: www.epson.com.ph or our Facebook page: http://www.facebook.com/EpsonPhilippines
For product inquiries and technical support, please contact Epson Customer Care at: Metro Manila: (02) 441-9030; Toll Free: 1-800-1069-37766 (PLDT), 1-800-3-0037766 (DIGITEL) or visit the Epson Customer Care website: http://customercare.epson.com.ph