Funai Plans to Open Office in Lexington

Funai Electric Co. Ltd., which previously bought Lexmark’s inkjet technology, plans to open a subsidiary in Lexington.

The newly-founded Funai Lexington Technology Corp. will support research and development in inkjet and microfluidic technologies. The facility will be built on the Lexmark campus in Lexington, commanding a $4.2 million investment in the commonwealth. It plans to employ 50 people, with an average wage of $100,000 per year to be paid.

Gov. Steve Beshear said, “This is a prime example of an innovative company teaming up with an innovative and high-tech workforce. We are very excited to welcome Funai to the commonwealth, and we look forward to seeing Funai Lexington Technology Corp. grow into a global leader.”

Kiyoshi Chinzei, Officer and General Manager of the Office Solution Business Unit of Funai Electric Company Limited, stated, “Funai Lexington Technology Corp. is a critical development resource for the Funai Electric Company Limited. We expect this company will lead great success for us to be one of global leaders in the new business opportunities. We are pleased with the technology resources available in Lexington and the support of the Commonwealth of Kentucky.”