CANON's NEW TONER PLANT IN VIRGINIA U.S.A./ ADD 1,000 JOBS

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Date: Monday May 5, 2008 04:56:03 pm
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    Canon Inc. and Canon U.S.A. to Expand U.S. Operations in Virginia with the Help of Virginia State and Local Officials
    http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080501006162&newsLang=en
    NEWPORT
    NEWS, Va.–Canon Inc. and Canon U.S.A., Inc. today joined Virginia
    state and local officials to announce Canon’s plans to expand its U.S.
    operations with new facilities and jobs in the Hampton Roads, Virginia,
    area. With the assistance of the Commonwealth of Virginia, Canon is
    expected to invest more than $600 million to expand the operations of
    Canon Virginia Inc., a subsidiary of Canon U.S.A., and create more than
    1,000 new jobs.

    As part of Canon U.S.A. and Canon Virginia’s
    “Vision for the Future” program, these expansion plans will include the
    construction of a new 700,000 square foot facility for the
    manufacturing of cartridges for laser printers that will incorporate
    Canon’s proprietary high-speed, automated technology for cartridge
    production, and the expansion of its repair and refurbishing facilities
    for digital consumer products. In addition, Canon plans to create a
    center for the research and development of automated and robotic
    manufacturing technologies for the Americas region in Newport News, and
    to expand its efforts in the recycling and reclaiming of toner
    cartridges and related materials at its Industrial Resource
    Technologies, Inc. (IRT) operations in Gloucester County,
    Virginia.“Today’s announcement symbolizes a significant investment in
    manufacturing in the U.S.,” said Tsuneji Uchida, president and chief
    operating officer, Canon Inc. “The combination of producing, selling,
    collecting and recycling cartridges locally, and eliminating the need
    to transport products around the world, will allow us to have a
    positive environmental impact by helping to reduce CO2 emissions
    worldwide.“In addition, Canon’s new automated production system will
    enable the Company to maintain cost competitive manufacturing, better
    manage labor costs and deliver products in a timely fashion,” added
    Uchida.

    Joe Adachi, president and chief executive officer, Canon
    U.S.A., added, “The U.S. and the Americas are key regions for the
    growth and success of the Canon brand now and in the future. Canon is
    committed to continuously increasing and enhancing its operations here
    in the U.S. to better serve the Americas, as evidenced by today’s
    announcement.”According to Takayoshi Hanagata, president and chief
    executive officer, Canon Virginia and IRT, “Over the years, we have
    enjoyed outstanding relationships with Virginia state and local
    officials. We would like to thank Virginia Governor Timothy Kaine,
    Newport News Mayor Joe Frank and Chair Teresa Altemus of Gloucester
    County for their hard work and personal involvement. We greatly
    appreciate their efforts in helping Canon expand our presence and
    remain in the region.”“Canon’s commitment to build on its 23-year
    relationship with the Commonwealth underscores the Company’s faith in
    Virginia and our ability to provide a business climate for its
    continued success,” said Virginia Governor Timothy M. Kaine. “We are
    honored by Canon’s presence in Virginia and the many benefits this
    latest expansion will bring to the Newport News and Gloucester
    communities.”

    A cornerstone of this project is the establishment
    of a partnership between Canon Virginia and a network of workforce
    development resources throughout Southeastern Virginia to quickly
    develop a highly skilled, technical and motivated workforce to support
    the expansion. This alliance, which includes the Virginia Community
    College System, local schools and the Virginia Department of Business
    Assistance, among others, will support the development of a Technical
    Training Academy, designed to equip Canon Virginia’s and the IRT’s
    growing workforce with the skills necessary to support advanced
    manufacturing and product repair operations.Canon is committed to
    exploring strategies for collaboration with Virginia’s higher education
    institutions. For example, Canon and Canon Virginia announced a
    partnership with Christopher Newport University in Newport News to form
    the Christopher Newport University-Canon Leadership Scholars Program.
    Beginning in August 2008, the top 25 students chosen to participate in
    Christopher Newport University’s President Leadership Program will
    become Canon Leadership Scholars, receiving scholarships and presented
    with opportunities to study aboard and participate in unique leadership
    programs.In addition to its investment in the Virginia area, last year,
    Canon U.S.A. announced that it will be building a new state-of-the-art
    headquarters for its Americas region in New York over the next several
    years. Canon U.S.A. began in 1955 with five employees as the New York
    branch of an up-and-coming camera company. Today, Canon is a global
    imaging brand leader that every American looks to for consumer and
    business innovations and technologies. Canon has been part of the
    Commonwealth of Virginia for 23 years since Canon Virginia, Inc., was
    incorporated in 1985.

    Canon established the industry’s first and
    longest-running Cartridge Return Program in 1990. Working closely with
    Canon Virginia, Canon has been able to divert more than 150,000 tons of
    toner cartridges from landfills, as a result of this program.Further
    underscoring its commitment to the environment, all Canon U.S.A. and
    Canon Virginia facilities have received ISO 14001 Certification under
    Canon’s Global ISO 14001 Certification Initiative. The ISO 14001
    Standard is an internationally accepted specification for environmental
    management systems created by the International Organization for
    Standardization to help organizations minimize how their operations
    affect the environment and comply with related laws, regulations and
    requirements.

    About Canon U.S.A., Inc.
    Canon U.S.A., Inc.
    delivers consumer, business-to-business, and industrial imaging
    solutions. Its parent company, Canon Inc. , a top patent holder of
    technology, ranking third overall in the U.S. in 2007 †, with global
    revenues of $39.3 billion, is listed as one of Fortune’s Most Admired
    Companies in America and is on the 2007 BusinessWeek list of “Top 100
    Brands.” To keep apprised of the latest news from Canon U.S.A., sign up
    for the Company’s RSS news feed by visiting
    http://www.usa.canon.com/pressroom.

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