CANON TO SPEND ANOTHER $ 381M. TO RAISE TONER PLANT OUTPUT

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CANON TO SPEND ANOTHER $ 381M. TO RAISE TONER PLANT OUTPUT

 user 2008-05-29 at 2:57:52 pm Views: 65
  • #20279

    http://www.bloomberg.com/apps/news?pid=20601101&sid=aruQXNwB5vLs&refer=japan
    Canon Will Spend 40 Billion Yen to Raise Cartridge Parts Output
    May 08 — Canon Inc., Japan’s biggest office- equipment maker, will spend 40 billion yen ($381 million) through the end of 2010 to raise output of parts for toner cartridges as demand climbs.The investment will be made in the plant in Oita, on the southern island of Kyushu, Canon said in an e-mailed statement today. Total spending will rise to about 100 billion yen by the end of the project’s second phase, the Tokyo-based company said, without giving a timeframe.

    Construction of the plant is scheduled to start in December, with operations slated to begin in September next year, Canon said.Canon this month said it will spend $600 million in the U.S. to build a factory to produce laser-printer cartridges in Hampton Roads, Virginia. Profit at the company’s business machines division, which includes laser printers, rose 7.6 percent in the first quarter, Canon reported on April 24. The unit accounted for 68 percent of total sales in the period.