OUTSOURCED : CANON TO BUILD NEW INKJET PLANT IN THAILAND

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OUTSOURCED : CANON TO BUILD NEW INKJET PLANT IN THAILAND

 user 2010-09-29 at 8:17:07 am Views: 39
  • #24086

    http://www.reuters.com/article/idUSSGE68J0M920100921
    OUTSOURCED : CANON TO BUILD NEW INKJET PLANT IN THAILAND
     * Factory to come online in October 2011
    * Canon to expand production at existing factory

    TOKYO,
    Sept 2010- Canon Inc  plans to build a 15 billion yen ($175 million)
    inkjet printer plant in Thailand amid soaring demand in Asia, the
    Japanese camera and office equipment maker said on Tuesday.

    Canon’s
    second Thai inkjet printer factory, due to start production in October
    2011, will be located in the northeastern province of Nakhon Ratchasima
    and will employ about 5,000 workers, the firm said.Churning out mostly
    low-priced products, it will have an annual production capacity of 5.5
    million units.The company, which currently makes inkjet printers in
    Thailand and Vietnam, said it opted for Thailand because of an abundance
    of workers and to take advantage of synergies with its existing plant.

    Canon
    also plans to hike production at its existing Thai facility to 8
    million units next year from 6 million this year, hiking its total
    inkjet printer production capacity to 27 million units from the current
    19.5 million.The new Thai facility has room for another building and if
    demand for inkjet printers continues to grow, a second line could begin
    operating there around 2016, Canon said.

    The company is the
    world’s second-largest maker of inkjet printers after Hewlett-Packard Co
    of the United States, the Nikkei business daily quoted research firm
    IDC as saying.Driven by booming Chinese and southeast Asian economies,
    global demand for inkjet printers is expected to hit almost 91 million
    units in 2013, swelling 18 percent from 2009, the paper said.Tokyo-based
    Canon took over Dutch printer maker Oce NV  this year to strengthen its
    product lineup and broaden its distribution channels.