Seiko Epson Corporation (SEC) recently announced that it will construct a new plant to be located in Lipa City, Batangas to meet the increasing inkjet printer and 3LCD projector production volumes.
Seiko Epson will invest 12.3 billion Yen (~Php4.58 billion) in manufacturing subsidiary Epson Precision (Philippines) Inc. (EPPI) for the construction of the new plant in Batangas which will produce inkjet printers, projectors, and smart glasses.
Blue area is planned site of construction of the new plant.
State-of-the-art facilities will be constructed inside the existing site including a mega solar power generation system with a capacity of approximately 3,000 kWh on the roof of the new plant.
In line with the increased production, Epson also plans to increase the workforce of Epson Precision (Philippines) to approximately 20,000 from the current 12,500.
Construction is expected to begin in early 2015 while operations is scheduled for Spring 2017.
Wow happy news!