Epson will triple printhead production capacity and has reaffirmed its commitment to PrecisionCore Heat-Free inkjet technology and developing sustainable technologies. This charge is backed by a previously announced $712.5 million investment over ten years.
As part of this investment, Akita Epson Corporation, a group company of Seiko Epson Corporation, has committed approximately $25.1 million towards the construction of a new factory on the Akita Epson lot to increase production capacity of printheads for inkjet printers. Construction work on the new factory began in November 2022 and is scheduled for completion in December 2023. This investment will approximately triple Akita Epson’s current printhead production capacity.
“From environmental to workflow efficiencies, inkjet provides several benefits over the legacy laser machines. From our experience, where inkjet goes, it wins, and Epson recognizes this incredible opportunity to disrupt the market,” said Mark Mathews, vice president, North America Commercial Sales and Marketing, Epson America, Inc. “Epson is focused on changing the way we consume energy and is committed to providing innovative and efficient PrecisionCore Heat-Free print solutions. Looking ahead, we believe this increase in production will have a large impact within this market that will justify the investment.”
Epson’s printing solutions business provides products and services based on original Micro Piezo inkjet technology to customers in the office, home, commercial, and industrial markets. Global demand for inkjet printers in the office and home inkjet printer markets is forecast to continue growing over the medium and long terms. The need for distributed printing that arose with COVID-19 is helping to fuel this demand, as is the strong demand for high-capacity ink tank printers in North America and other developed economies.
The new factory will be used to manufacture and assemble inkjet printheads, the core devices used in inkjet printers. The investment plan will ensure that Epson has enough production space to meet the predicted future growth in demand. It will also enable Epson to strengthen its product lineup and expand printhead sales to third parties, with a view to increasing the supply of inkjet printers equipped with cutting-edge PrecisionCore MicroTFP printheads.
Epson is a global technology leader whose philosophy of efficient, compact and precise innovation enriches lives and helps create a better world. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson’s goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.