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Canon kicks off construction of Vietnam second jet printer plant
Japanese
office equipment giant Canon Inc began Saturday construction of its
second jet printer factory in northern Bac Ninh province’s Tien Son
Industrial Zone.
The
factory, with an investment capital of US$70 million, is to come on
line in April 2007 turning out 700,000 printers per month, all of which
will be exported.It will allow Canon to raise its overall annual output
to some 30 million units by 2010, up from a planned 20 million units
this year, Canon’s spokesman said. A Canon spokesman said the factory
would handle the entire manufacturing process through assembly.The
factory will employ around 3,500 workers in the first phase.In the
second phase, Canon plans to funnel an additional investment of $40
million and recruit 2,500-3,000 more workers for the factory.Canon’s
first jet printer factory in the country is located in Hanoi’s Thang
Long Industrial Zone and earned revenues of $410 million last year.The
group also owns a laser printer plant in Bac Ninh province’s Que Vo
Industrial Zone that employs some 500 workers and became operational
last year.
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