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Vietnam Site Planned for New Canon Plant
(2/2005)
Canon recently announced it will begin construction of its largest laser
printer plant in Vietnam this April. In doing so, the company is expected to
invest 5 billion yen (about US$50 million) in Construction in the country”s
Northern Bac Ninh province,where the plant will manufacture and export low-cost
laser printers worldwide.Vietnam was selected, according to Canon”s planning department chief Ogiwara
Tadayuki, because the company”s nearby Chinese factories are at maximum
production capacity and the demand for inexpensive laser printers remains
high.“We have also picked Vietnam because of its political stability, a
liberalized investment environment and cheap labor. The country has quite a good
future,” Tadayuki said.The facility, slated to begin operation in 2007 and expected to employ more
than 3,000 people, complements the company”s existing inkjet plant also located
in Vietnam. The inkjet facility, which opened in July 2004, produces 500,000
single-function printers per month and was the first in a three-year, $100
million plan to expand the company”s inkjet presence. A second inkjet facility
specializing in multifunction printers is slated to begin operations in June and
produce 700,000 units per month.Upon completion, the facility will have a manufacturing capacity of 8 million
units per year, all of which will be exported, meeting an anticipated 35 percent
of the world”s demand for laser printers. Currently, Canon supplies
approximately 50 percent of the world”s laser printers, mainly through exports
to Japan,United States and Europe. Canon Vietnam also plans to seek permission
to adjust its investment to license to include sales and distribution of its
products within Vietnam. Until then, it plans to follow the same plan as it did
with the opening of the Chinese facilities -all products had to be exported and
then re-imported until the Chinese government widened its policies.
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