In a group interview, Seiko Epson Corp. President and Chief Executive Officer Yasunori Ogawa said that the company has seen significant recovery in the Philippines and other markets around Southeast Asia.
A report by Philstar Global said that at the start of the pandemic, Epson saw a dip in demand for its products in those regions. In a virtual group interview, Seiko Epson’s Ogawa said: “Not just Philippines, but across Southeast Asia, we suffered a significant dip in demand around the start of the pandemic last year for the first half of our fiscal year which runs from April to September. However, I am pleased to say it has now recovered significantly in the Philippines and other markets around Southeast Asia, especially for our EcoTank products which command a very high share in the Philippines and across the region. And I would say it is almost approaching normal levels again now.”
Philstar Global reported that although Epson has been experiencing supply chain issues during the period, its factory in the Philippines has been operating normally and has even been updated to use renewable energy.
Ogawa added that Epson is looking to use sustainable materials more and more in its production, starting with 30% of its plastic used in production will be recycled.
