January 9, 2019
The new premises in Chachoengsao province will produce quartz devices for exports.
According to The Nation, this will help the OEM generate revenue growth of 4 percent in the 2018 fiscal year, rising to 5 percent in 2019.
The new plant is expected to see more than a thousand new workers hired, with the manufacturing line expected to go “on stream” in the middle of 2019.
Epson Thailand’s Director, Yunyong Muneemongkoltorn, stated that the OEM would focus mainly on three business units in the 2019-20 financial year: Printing solutions, projectors, and wearables and robotics.
The Nation reports that “the overall printer and projector markets are declining or seeing flat growth in the domestic market,” leading Epson to focus on the industrial and commercial printing markets, and their respective high demands.
“I think the overall IT market in Thailand this year will have flat growth. The stable politics and the upcoming local elections will be factors to drive the economy and the IT market as a whole,” said Muneemongkoltorn.
Of Epson’s total targeted revenue, 75 percent will come from printing solutions, with 20 percent from projector products and 5 percent from wearables and robotics.
“We are eyeing the factors that will drive the IT market this year from international and domestic economic factors, the US-China trade war, Brexit, domestic elections and politics after the Thai elections,” Muneemongkoltorn continued. “I think this year the printer market will decline. Meanwhile, the growth of the projector market will see a jump due to increasing demand.”
Categories : Around the Industry