HP to set up a US$ 100 million printer plant in Thailand
In a vision to grow its business, HP is planning to come up with a brand new printers manufacturing unit based outside China. This will be the second set up by HP in the printer world. The corporation is investing a whooping amount of US $100 million and the potential site is Thailand.
HP is looking for an appropriate location and Thailand came forward as one of the most lucrative sites. Thailand Industry Minister Pongsvas Svasti said: HP senior vice president Reinhard Winkler and Cal-Comp Electronics (Thailand) vice chairman Shyh-yong Shen met with him and informed him of HP's interest in investing in a second inkjet-printer plant.
Cal-Comp Electronics, the HP supplier for printed circuit boards for China plant said that HP is planning to spend more than $100 million to produce inkjet printers. The production capacity of these inkjet printers will be of 1 million units a year.
HP is also looking for other potential south-east Asian countries for its investment.