PNoy opens Epson’s new P4.5-B plant in Batangas

President Benigno Aquino III motored to Lipa City on Thursday to inaugurate a new production facility of Japanese tech behemoth Epson.

 

Aquino said the P4.5-billion plant will substantially boost the country’s economy by adding around 2,000 workers.

 

The Philippine electronics industry directly employs around half a million Filipinos and this number has been steadily growing, Aquino said. He added that every direct hire has multiplier effects in job generation.

 

Last year, investments in the industry reached a record high of $2.3 billion, according to the president, noting that from January to September of this year, it accounted for half of the entire country’s exports.

 

The chief executive led the activation of the factory operation and had a tour of the newly opened facility.

 

Among those who joined him at the event were Philippine Export Processing Zone Authority (Peza) director general Lilia de Lima, Japanese ambassador to the Philippines Toshinao Urabe, Epson Precision Philippines president Osamu Kosiishi, Epson Precision Philippines vice president Kazuyuki Amano and Seiko Epson Corp. president Minuro Usui.

 

Epson said it expects the new factory to significantly increase the production of 3LCD projector and inkjet printers as demand grows in emerging markets worldwide.

 

Aside from its production facilities in Lipa City, Batangas, Epson also has a production line in Cabuyao, Laguna.

 

Pres. Noynoy Aquino, assisted by Peza director-general Lilia de Lima, Epson Precision Philippines Inc., (EPPI) president Osamu Koshiishi, Seiko Epson Corp. president Minoru Usui and Japan Ambassador to the Philippines Toshinao Urabe, presses, the button to signal the activation of the new expansion of EPPI during the New Factory Inaugural Ceremony at the Lima Technology Center in Lipa City, Batangas on Thursday. — Newsbytes.ph