August 10, 2018
Place the Control Equipment Business the Most Important Field
Omron, which handles control and medical equipment for factory automation, announced its business strategies for fiscal 2018.
In the course of its long-term management vision, which aims to achieve sales of 1 trillion yen in fiscal 2020, it aims to achieve sales of 900billion yen in fiscal 2018, which is a record high.
“The control equipment business is the most important driving force for sales,” Yoshihito Yamada, the president of Omron said.
Omron intends to actively invest in expanding its production bases and R&D bases.
Investment in expansion of bases
“The control equipment business is the most important thing to realize VG2.0,” President Yamada said.
The control equipment business accounts for about 480 billion yen of the 1 trillion yen sales aiming for fiscal 2020.
In response to the plan, sales in the control equipment business in FY2017 amounted to 396.1 billion yen.
In order to grow to nearly 100 billion yen in the next three years, it is necessary to invest actively.
Yutaka Miyanaga, vice president responsible for the control equipment business, said, “We invest in growth in three areas: automation center, research and development base, production base, and expand our base.”
The automation center is a place to develop technologies to solve customer problems, and is an important base for creating solutions together with customers.
In FY2017, the company will invest approximately 1 billion yen in 17 locations around the world to expand the number to 35 by the end of FY2018.
In Shanghai, China, the company will invest about 1 billion yen to operate a new plant.
At the venue, Omron exhibited and introduced an example of a combination with Techman’s robot products from Taiwan that started business alliance in May this year.
In the future, the company said it intends to make full-scale sales of double brands.