The ink manufacturing plant in Tuas will quadruple production capacity when opened in 2015.
Business Times reported on the announcement, which is said to be “a boost for [the] printing industry” in Singapore. The expansion will increase the plant in Tuas by 10,000 square metres when it opens next year, which will quadruple HP’s production capacity in Singapore.
The ink manufacturing plant produces specialised ink, which is “currently manufactured only in Singapore and Israel”, and which is used in the OEM’s Indigo series of digital printers. In turn, the news outlet noted that the expansion of the site will “help HP meet growing demand in the region” for the ink and the machines.
Business Times added that digital printing “as a relatively new technology” accounted for less than five percent of the pages printed last year across the world – a total of 47.2 trillion – but targets “high value pages” and so accounted for 41 percent of the global graphics industry last year “in terms of hardware and ink value”, with the graphics industry worth $52.5 billion (€39.9 billion) in 2013.