Canon to Build New Plant In July

June 7, 2009
Factory will employ 1000

Canon Inc. said on June 5 the recent recovery of the digital camera market would allow it to start building a new factory after a seven-month delay brought about by the global economic slump. "A careful review of recent market and economic conditions by the company indicates that the digital SLR (single-lens reflex) camera market is recovering steadily," the company said.

Construction of the factory in southern Nagasaki prefecture would start in July, and operations would begin in April 2010, said the high-tech photographic and office-equipment maker. The factory, which will produce four million cameras annually, will employ as many as 1,000 workers.

Construction had been due to begin in January, and the factory was to become operational in December. The start of construction was delayed twice as the global recession battered Japan, pushing companies including Canon to slash jobs and shut factories.

Canon, hailed as a success story in Japan's recovery from the 1990s recession, saw its profits plunge last year. The company has said it is braced for another tough year but expects to stay profitable.

Copyright Agence France-Presse, 2009

Popular Sponsored Recommendations

Learn How Manufacturers like 3M Cater to Digital Buyers to Increase Sales

Aug. 13, 2023
In this article, you'll learn how manufacturers can balance educating and guiding their buyers through their complex buying process with a digital first approach to product discovery...

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!