OKI EXPANDS CHINA PRINTER PRODUCTION LINE

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OKI EXPANDS CHINA PRINTER PRODUCTION LINE

 user 2007-05-02 at 12:31:00 pm Views: 52
  • #18225

    OKI Expands Production Scale in China for Printers
    SHENZHEN, China-MAI  2007 – The OKI Group today announced it has relocated Oki Electric Industry (Shenzhen) Co., Ltd.
    (OSZ),
    the Group’s ATM and printer manufacturing company in China. Operation
    at the new site started in January 2007, and today the Group held an
    opening ceremony at the new location in Baiwangxin Industrial Area,
    Nanshan District, Shenzhen, China. As the total floor space expands
    two-fold, the production scale will dramatically increase and OKI is
    expecting productivity to increase three-fold.

    “We are very
    excited about this new production site, which has much larger
    production capacity. OSZ is positioned as an important base for OKI’s
    China business and global business, and we will continue to work
    together with the people in China to expand OSZ as a large overseas
    base,” said Katsumasa Shinozuka, CEO of Oki Electric Industry. “We will
    also contribute to the development of China by providing high-quality
    products based on our advanced technologies.”OSZ was established in
    July 2001, with volume production of ATMs from October of that year and
    dot-impact printers from July 2002. It has expanded steadily and in
    June 2005, OSZ started manufacturing color LED printers in volume to
    respond to the rapidly increasing global color page printer market.
    During the fiscal year ending March 2007, OSZ shipped 200 thousand
    printers and slightly under 20 thousand ATMs including the main units
    for ATMs.As OSZ was reaching its production capability limit, OKI
    decided to move into a new plant, in an industrial park, near the
    boarder of Shenzhen Special Economic Zone. It is 30 minutes away from
    the former location by car, and is close to the highway, maintaining a
    similar business environment. The new plant is a four-story building
    with 52,000 square meters of floor space, leaving enough room for
    future expansion. The security level throughout the plant has been
    enhanced, using an infra-red system and a 24-hour advanced video
    surveillance system.OSZ will increase its production scale, aiming to
    manufacture 600 thousand printers, 30 thousand ATMs (including main
    units) a year. -0- *T About Oki Electric Industry (Shenzhen) Co., Ltd.
    (OSZ) Chairman: Harushige Sugimoto Address: No.6, Baiwangxin Industrial
    Area, Songbai Road, Baiwang, Xili, Nanshan district, Shenzhen
    Employees: Approx. 1,620 (As of March 31, 2007) Established: July 5,
    2001 Capital: 47.5 million dollars (HKD) (Oki Electric Industry Co.,
    and Oki Data Corp. makes 100% investment through Oki Hong Kong Ltd.)
    Space information: Size of site: 36,000 square meters Total floor
    space: 52,000 square meters (13,000 square meters x 4 floors) Business:
    Production, sales, development and design of ATMs, financial equipment,
    printers and consumables.