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Canon to increase locally-made parts to cut costs
march
2006 The Canon Vietnam Co. Ltd. will increase the proportion of
domestically-made parts it uses in its production of printers in a bid
to cut production costs, a company’s senior executive said on March 24.
The
Japanese-invested company will also boost production of major parts at
its factory in Vietnam, Canon Vietnam General Director Sachigo Kageyama
further said.
The General Director called on the Vietnamese
Government to map out a master plan on developing the accessories
industry in Vietnam, with policies attracting foreign investment.
Canon
Vietnam has so far increased the number of domestic parts suppliers to
46 from a mere seven when it began operating in Vietnam in 2002.
Canon Vietnam is the country’s second biggest company in terms of sales revenues, with US $410 million reported last year.
Alongside
an inkjet printer factory at the Thang Long Industrial Zone in Hanoi,
the company, which exports all of its products, is building a laser
printer factory in the northern province of Bac Ninh, which is
scheduled to start operation by April 2006
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