Epson Philippines Corp. said it is optimistic about the Philippine market on the back of robust domestic economy.
“We expect a very good year [for fiscal year ending March 2018]. The Philippine economy has one of the fastest economic growths in the region and in the world. We expect to continue to spur demand for our products,” Epson Philippines senior general manager and marketing head Ed Bonoan said.
The Philippine economy grew 6.8 percent last year and is projected to grow between 6.5 percent and 7 percent this year.
Bonoan said Epson Philippines posted a 21-percent growth in revenues last year and was expected to sustain growth this year.
“We did get more than half of the inkjet market and for projector, we did get more than 50 percent of the market,” he said.
Bonoan said the company also aimed to get half of the receipt printer market.
The Japanese manufacturer of inkjet and projector is building a new factory in Batangas, which is expected to be completed this year. The actual operation of the new factory is set to start in April or May 2018.