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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.
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