HP Indigo, the maker of digital offset printing equipment, plans to expand its manufacturing workforce by some 300 people, reaching a total of 1,000 over the coming year, general manager Alon Bar-Shany said Sunday.
He said the manufacturer, a unit of the U.S. company Hewlett Packard, plans to hire another 400 people in 2014.
"We've increased our sales threefold in seven years," Bar-Shany said ahead of the formal dedication of the company's new plant in Kiryat Gat Sunday. "Our goal right now is to double them within five years.
He declined to say what sales are in dollar figures, but industry sources estimate they will reach $1 billion this year.
The new plant, which manufactures the company's proprietary ink, significantly increases production capacity and was responsible for most of the net new hiring of 200 in the past year by the company. Now the plant that manufactures the printers is beginning an expansion phase as well.
Indigo also operates a research and development center in Nes Tziona, which will be retained even as the focus of its R&D operations is moved to Kiryat Gat, Bar-Shany said. All told, he said, Indigo is spending NIS 150 million to expand production.