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Canon to consolidate mold production ops in January
TOKYO – Canon Inc plans to consolidate mold production operations in January as part of efforts to speed up product development and cut costs, the Nihon Keizai Shimbun reported, without citing sources. The mold-making segment of the parent firm and that of toner cartridge production subsidiary Canon Chemicals Inc will be transferred to Igari Mold Co, which Canon turned into a wholly owned unit in 2004 to increase in-house mold output, it said. Igari Mold’s workforce is to double to 400 after a total of 200 mold workers are transferred from Canon and Canon Chemicals, the business daily said. The subsidiary’s sales are projected to triple to 10 bln yen, it said. Canon aims to achieve cost cuts of 10-20 pct with the move, the Nihon Keizai said.
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