Epson Precision (Philippines) Inc. New Factory Inaugural Ceremony (News Mats) 12/08/2011

Описание: Lima Technology Center, Lipa City, Batangas
8 December 2011

President Benigno S. Aquino III formally inaugurated the newest plant (Factory 2) of Epson Precision (Philippines) Inc., a manufacturing subsidiary of Seiko Epson Corporation (Epson), that will significantly increase Epson's 3LCD projector and inkjet printer manufacturing capacity.

Factory 2 is built adjacent to the existing plant (Factory 1) and is Epson Group's first projector manufacturing facility outside of China. Epson Precision (Philippines), which at present has a work force of more than 6,000 people in the country, is putting in around P4.5 billion in the new factory and is projecting to provide jobs to more than 2,000 qualified Filipinos by the end of 2012.

In his message, President Aquino expressed his appreciation to the Japanese executives of Epson for expanding their manufacturing operations in the country. "I have always said that the resourcefulness, the work ethic, and the ingenuity of Filipino workers are some of the biggest selling points in attracting investments in our country. And this factory, which will produce products for a world-renowned industry leader, is proof positive of the capabilities of our countrymen," the President said.

He added that the inauguration significantly contributes to the electronics industry which is one of the cornerstones of the country's economy. Last year, investments reached a record high US$2.3 billion and accounted for half of the country's exports from January to September 2011.

"What we're doing, after all, is about more than the economy...it is also about what Epson refers to as 'Exceeding Your Vision.' It is about encouraging more excellent companies such as EPPI to invest here, and to be confident in selling products labeled 'Made in the Philippines.' It is about reclaiming our national pride; it is about being proud of the country we will bequeath to our children," President Aquino said.