The Economy

Canon to Build New Factory in U.S., Create 1,000 Jobs

May 2, 2008

Virginia factory will be regional hub for toner cartridge production.

Japanese electronics giant Canon will spend more than 600 million dollars to expand its U.S. operations, building a new factory in Virginia and creating about 1,000 new jobs.

Canon will make the plant a regional hub for production of toner cartridges, reducing transportation costs, the company said.

The move will also enable the group to reduce its carbon dioxide emissions, Canon president Tsuneji Uchida said in a statement.

Construction of the new plant will start this September with operations expected to begin in December 2009, it said.

The company will also create a research and development centre in Newport News and expand its recycling operations in Virginia.

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