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Investmenting About 400 Million Yen into U.S. Printing Solution R&D Base to Increase Capacity of Production of Industrial Ink Cartriges
2022-4-4
FUNAI ELECTRIC CO., LTD.
Funai Electric Co., Ltd. announces that it has decided to invest about 3.78 million U.S. dollars (about 450 million yen at an rate of 120 yen to the dollar) into equipment related to the development and production of heater chips (the key component for ink cartridges) in its U.S. R&D base FLTC (Funai Lexington Technology Corporation in Kentucky), which engages in printing solution business.
The company acquired the ink-jet printer business unit from Lexmark, Inc., U.S. in 2013, and now develops and manufactures ink cartridges integral with thermal ink-jet print heads and printer engines mounted with these ink cartridges. For ink cartridges, FLTC develops and manufactures heater chips, which are the key component to control the discharge of ink, etc., and heater chips are molded into ink cartridges in the plant of FUNAI ELECTRIC CEBU, INC. in Cebu, the Philippines.
This investment is used for equipment in order to strengthen the research and development of heater chips, improve the quality, and increase the production volume about twofold in FLTC. It is planned to install and operate equipment within FY2022 to boost its share in the growing industrial ink cartridge market, thereby expanding its printing solution business.
■ Investment overview
Destination: Funai Lexington Technology Corporation (Kentucky, U.S.)
Amount: 3.78 million U.S. dollars (approx. 450 million yen at an rate of 120 yen to the dollar)
Equipment: Equipment related to heater chips for ink cartridges
Equipment operation start: FY2022
■ FLTC overview
Company: Funai Lexington Technology Corporation
Business summary: R&D and production related to printing solution, including ink cartridges
Address: 700 Setzer Way Lexington Kentucky 40508, USA
No. of employees: 45 (as of the end of February 2022)
The company acquired the ink-jet printer business unit from Lexmark, Inc., U.S. in 2013, and now develops and manufactures ink cartridges integral with thermal ink-jet print heads and printer engines mounted with these ink cartridges. For ink cartridges, FLTC develops and manufactures heater chips, which are the key component to control the discharge of ink, etc., and heater chips are molded into ink cartridges in the plant of FUNAI ELECTRIC CEBU, INC. in Cebu, the Philippines.
This investment is used for equipment in order to strengthen the research and development of heater chips, improve the quality, and increase the production volume about twofold in FLTC. It is planned to install and operate equipment within FY2022 to boost its share in the growing industrial ink cartridge market, thereby expanding its printing solution business.
■ Investment overview
Destination: Funai Lexington Technology Corporation (Kentucky, U.S.)
Amount: 3.78 million U.S. dollars (approx. 450 million yen at an rate of 120 yen to the dollar)
Equipment: Equipment related to heater chips for ink cartridges
Equipment operation start: FY2022
■ FLTC overview
Company: Funai Lexington Technology Corporation
Business summary: R&D and production related to printing solution, including ink cartridges
Address: 700 Setzer Way Lexington Kentucky 40508, USA
No. of employees: 45 (as of the end of February 2022)
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