Biz / Tech

Japan's Epson eyes new growth catalysts in China

Industrial robot, digital printing, new-technology projector and wearable glasses are areas Epson will focus on in China.

Industrial robot, digital printing, new-technology projector and wearable glasses will become new growth catalysts for Epson in China, the Japan-based firm said today.

The Japanese company showcased wearable glasses with argument reality technology for industrial users, digital printers and robotic arms for use by watch and electronics manufacture at the Epson Innovation Day today. Epson achieved rapid growth in new business, such as robotics which surged 85 percent year on year and high-end projector which jumped 56 percent, in China.

The surging middle-class, high requirement for green and sustained development and smart manufacturing have all created unique market opportunities for Epson, which debuted in the Chinese market 20 years ago, said Akihiro Fukaishi, president of Epson China.

Epson's revenue rose 15 percent in its 2017 fiscal year (ended on March 31) in China with its main business being printer and projector. 

Epson operates 13 facilities in China and employs 16,000 people.


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