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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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