Epson invests in new factory for inkjet printheads
October 4, 2022
Akita Epson Corporation, a group company of Seiko Epson Corporation, will invest a total of approximately ¥3.5 billion ($24.2 million/ €24.5 million) on the construction of a new factory on the Akita Epson lot to increase production capacity of printheads for inkjet printers.
Epson said in its announcement that construction work on the new factory will begin in November 2022 and is scheduled for completion in December 2023. This investment will approximately triple Akita Epson’s current printhead production capacity.
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, Epson explained.
Epson added that 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 line-up and expand printhead sales to third parties, with a view to increasing the supply of inkjet printers equipped with cutting-edge PrecisionCore MicroTFP printheads.
The plan is to construct the new factory adjacent to the existing factory. By consolidating PrecisionCore MicroTFP printhead production at Akita Epson, the company aims to maximise efficiency. In addition, production equipment and processes will be arranged to further increase human productivity and space productivity, Epson added.
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