Monday 07. March 2016
Epson to Invest 20 Billion Yen in New Factory at Hirooka Office to Triple Inkjet Printhead Production Capacity
Seiko Epson Corporation (TSE: 6724, “Epson”) will invest approximately 20 billion yen in a new factory at its Hirooka Office in Shiojiri, Japan. The new factory, which is part of the company’s strategic plans for its printing solutions (inkjet printer) business, will produce state-of-the-art PrecisionCore printheads, the core devices in Epson’s inkjet printers. Equipped with a research and development function, the factory will have 49,000 square meters of floor space. Construction is scheduled to begin in the summer of 2016, and operations are expected to start in the first half of the 2018 fiscal year. Epson will conduct R&D and drive advances in production engineering and other areas at the facility, which, in the future, will roughly triple Epson’s current printhead production capacity.