Hoya’s Confidence in the US Independent Eye Care Market Stimulates 3 Year Investment Strategy

The plan for Hoya Vision Care to invest heavily in the area of lens production and manufacturing was set into motion early 2013 due to accelerated growth expectations experienced in the US market. Year 1 of the 5 year plan calls for a $15M Intercompany Manufacturing Center (IMC) incorporating revolutionary lens manufacturing and processing equipment. The IMC will process its first lens in January 2015.

BarneyMike Dougher, VP of Operations commented…. “Lead time required for delivery of next generation processing technology and robotic automation is at a minimum 16 months, not to mention the logistics designing the most efficient lab structure imaginable. The initial planning and orders for state‐of the‐art processing and AR equipment started in January, 2013”

Increased efficiencies will have a positive impact and enhance the entire Hoya production model across the country. The 100,000 square foot facility will run 24/7….365 days per year.

Barney Dougher, Hoya Vision Care North American President stated… “The reason for the investment is really very simple and boils down to the fact that we believe in the US Independent Eye Care market and have an unwavering degree of confidence this sector will continue to thrive. This is already being substantiated today given the high level of growth we’ve been experiencing.”

Dougher continued… “Investing in the IMC and related technology not only expands capacity, it also plays a major role in turn time. The end result is a satisfied customer, a satisfied patient and the opportunity to provide an increased level of service for the independent market.”

Beyond the first year investment in independent optometry, the Lewisville, Texas IMC will hire approximately 100 individuals to operate the 3 shifts of continuous production. Dougher added….”Every consideration regarding environmental responsibility was incorporated in the design to ensure a Green facility.”

About Hoya Corporation
Hoya Corporation is a global technology company traded on the Japanese stock exchange based in Tokyo, Japan, and the leading supplier of innovative and indispensable high‐tech and healthcare products based upon its advanced optics technologies. Hoya is active in four fields of business: The Healthcare provides eyeglasses and contact lenses for retail sales. The Medical provides endoscopic system and intraocular lenses for cataract surgery. The Electronics makes mask blanks and photo masks for the semiconductor devices and LCD panels as well as glass memory disks for HDDs. The Imaging produces optical lenses, SLR/compact digital cameras, lens modules and micro lenses. Hoya now has over 100 subsidiaries and affiliates, and employs over 36,500 people worldwide.

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