CANON TO RE-START BUILDING $ 360Mln TONER CARTRIDGE PLANT

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CANON TO RE-START BUILDING $ 360Mln TONER CARTRIDGE PLANT

 user 2010-12-06 at 8:11:12 am Views: 42
  • #23893

    http://www.reuters.com/article/idUSTOE6B105520101202

    CANON TO RE-START BUILDING $ 360Mln TONER CARTRIDGE PLANT
    * Factory build had been delayed by global financial crisis
    * But company sees laser printer market recovery
    TOKYO,
    Dec 2010- Canon Inc is set to build a factory in southern Japan at a
    cost of 30 billion yen ($356 million) to make parts for laser printer
    cartridges, the company said on Thursday.The firm had previously planned
    to open the plant in 2009, but put the scheme on ice following the
    global financial crisis.”A careful ongoing review of market and economic
    conditions by the company indicates that the laser printer market is
    headed toward a recovery which, in turn, is expected to drive steady
    growth in demand for toner cartridges,” Canon said in a press
    release.Construction of the plant in Oita, on the country’s southernmost
    main island of Kyushu, will start in June next year, with production
    expected to begin in May 2012, the company said. The factory is slated
    to employ about 350 people by 2015.Both Canon and rival office equipment
    giant Xerox  beat analysts’ profit expectations for the three months to
    the end of September.

    http://www.reuters.com/article/idUSTOE6B105520101202