*NEWS*CANON 2 BUILD ANOTHER INKJET PLANT

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*NEWS*CANON 2 BUILD ANOTHER INKJET PLANT

 user 2006-02-13 at 9:25:00 am Views: 74
  • #14149

    Canon to build ink-jet printer plant in Vietnam
    TOKYO,
    Feb 06 – Japanese office equipment giant Canon Inc. said on Saturday it
    would spend about 13 billion yen ($109.4 million) to build another
    ink-jet factory in Vietnam, aiming to boost output by about 50 percent
    by 2010.
    Canon, the world’s third-largest ink-jet printer company
    after U.S.-based Hewlett-Packard Co. and Japanese rival Seiko Epson
    Corp. , said it would start construction on the plant in May and aim to
    start operations in February next year.
    Canon already has one
    ink-jet factory in Vietnam and has said it was leaning towards building
    another plant there to take advantage of relatively low labour costs
    and easy access to raw materials. It makes more expensive ink-jet
    printers in Thailand.
    Canon said the factory would focus on
    producing low-priced ink-jet printers for export to other Asian
    countries, North America and Europe. It will expand the facility in
    2008 and expects to employ 7,000 workers by 2010.
    A Canon spokesman
    said the factory would handle the entire manufacturing process through
    assembly and eventually have the capacity to make 1.4 million units per
    month, although actual output will vary by month according to demand.
    The
    plant 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,
    the spokesman said.
    The aggressive expansion reflects a solid demand
    outlook for the global ink-jet printer market, which is growing
    steadily as the spread of digital cameras has more consumers wanting to
    print photos at home.
    The move also suggests Canon is hoping to
    unseat Seiko Epson to take the number-two spot. According to the Nihon
    Keizai Shimbun, Canon’s global market share is 18 percent. That
    compares with Seiko Epson at around 20 percent and HP at about 40
    percent.
    Canon also makes laser printers in Vietnam.