*NEWS*CANON :$739M TO UP TONER CAPACITY

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*NEWS*CANON :$739M TO UP TONER CAPACITY

 user 2007-12-03 at 1:59:00 pm Views: 73
  • #21073

    Canon To Spend Y140 Billion To Up Toner Cartridge Capacity
    NOV
    07 TOKYO — Canon Inc. will invest Y140 billion ($ 739 mil) in southern
    Japan to increase its capacity for toner cartridges used in printers
    and copy machines.The Tokyo-based company said Thursday it plans to
    spend Y80 billion to build a new toner cartridge plant in Oita
    Prefecture, southern Japan by 2009. It will also spend Y60 to beef up
    capacity at an existing factory there.Canon, which is headed for its
    eighth straight year of net profit gains, makes the vast majority of
    its income from printers and copy machines. Around 20% of its annual
    revenue come from making laser printers sold under the Hewlett- Packard
    Co. (HPQ) brand.Canon is pouring investment in making replaceable toner
    cartridges for such products. Customers are largely locked in to
    long-term, repeat purchases, insulating the company from price falls
    and generating high margins.The new factory will begin operations in
    September 2009 and have 1,000 workers as of the end of 2010.The news
    follows Canon’s announcement in September to spend Y80 billion on a
    printer toner cartridge plant in Aomori Prefecture, northern Japan,
    that will go live in 2008.