Epson has completed construction on a new inkjet printhead factory at its Hirooka Office in Shiojiri, Japan.
The factory will be used to produce PrecisionCore print chips and will begin operations in the 2018 fiscal year (ending 31 March, 2019), and 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.