Canon to Double Camera Production in China
Posted on: Monday, 10 March 2008, 09:01 CDT
Canon plans to double digital camera production in China by 2009 and develop a new laser printer plant in Vietnam to cater to the demand in developing countries, reported Reuters, quoting an unidentified spokesman of the company.
Canon currently has a production capacity of nearly five million compact digital cameras at a factory in Guangdong, China. The rise in output is expected to increase the company's worldwide digital camera production capacity by around 20%. The company has shipped 24.6 million digital cameras in 2007.
Canon is also likely to build a new low-cost printer assembling factory in northern Vietnam by investing $50 million.
Source: Datamonitor
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