Epson’s ‘biggest’ facility in the world
EPSON Philippines Corp. (EPC) is building a factory in Batangas—the company’s biggest in the world—at an investment cost of P4.7 billion to increase production capacity for inkjet printers and projectors.
“The actual investment is P4.7 billion for the plant in Batangas. We already have two plants, now we are expanding, building a new plant,” Toshimitsu Tanaka, EPC country manager, told reporters on the sidelines of the Epson Fusion VI event
He said Epson is currently producing 6 million units of inkjet printers annually and 1.2 million to 1.3 million of projectors annually.
Tanaka said that with the increased manufacturing space afforded by the new plant, actual production could double.
He said the new factory is expected to begin commercial operations in the beginning of 2017.
“Construction has started now, but we expect to finish it in the beginning of 2017,” Tanaka said.
“At this moment we have three major main factories located in China, the Philippines and Indonesia. Based on the current situation, we have no plans to expand the China factory.
Indonesian labor costs have also increased drastically. At this moment, Philippine labor cost is stable so we can predict stable salaries” for their factory workers, Tanaka added.
“I think the Philippines is one of the most competitive [countries]in terms of labor costs in the region,” he observed.
In 2008, EPC celebrated its 10th year in the country as a strong player in the retail segment. Also this year, the company launched the Epson Solution Center, the first in the Philippines and second in Asia.
In 2010, Epson launched the Toner & Ink Cartridge Collection and Recycling Campaign to motivate partners and consumers to help protect the environment. It also launched an Epson Solution Center in Cebu to serve as the hub for the whole Visayas Region.
The following year, the company completed the P4.5-billion expansion of its Lipa manufacturing plant, which manufactures Epson products distributed to over 20 countries. During the year it also launched the Epson Solution Center in Davao to serve as the hub for the whole Mindanao Region.
“Epson is glad to start this year in an excellent position, with the achievement of leadership in four categories. As the leading projectors, inkjet, POS and DOT matrix printers,” Tanaka said.
Epson plans to have about 20,000 employees when the third plant starts operating in 2017.
“On top of the current 12,000, we foresee around 6,000 to 8,000 new workers in 2017,” Tanaka said.
Asked about the company’s revenue projection for 2015, Tanaka said , “We expect double-digit growth of more than 10 percent increase against last year” but he declined to give figures.
The company’s main business includes printing system business, visual communications business, microdevices business, precision products business, industrial solution business, and sensing systems business.
“Epson is now poised to create more opportunities for growth with the innovative products that we offer,” Tanaka said.