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Japanese ATM manufacturers eyeing opportunities across Asia

Hitachi-Omron plans to set up an assembly plant in India with approximately 100 employees.

September 23, 2015

Japanese ATM manufacturers are looking to give the major global brands a run for the money as they fix their focus on markets in India and China.

According to a Nikkei report, Hitachi-Omron plans to set up an assembly plant in India with approximately 100 employees. The company hopes to achieve more than triple its current ATM count (from 30,000 to 100,000) in the Indian market and quadruple its revenues from the region within three years.

Meanwhile, Fujitsu Frontech is planning to expand its parts factory in the Philippines, to increase production capacity by 50 percent, with the additional inventory bound for India and Southeast Asia, Nikkei said.

Japan's Oki Electric plans to ramp up exports from its factory in China to other Asian nations.

None of Japan's ATM vendors currently controls more than 10 percent of the global market, compared with 50 percent controlled by Diebold, NCR and Wincor Nixdorf, the report said.

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