CANON:TO SPEND $ 575million ON A U.S. TONER PLANT

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CANON:TO SPEND $ 575million ON A U.S. TONER PLANT

 user 2008-05-05 at 4:59:09 pm Views: 139
  • #19521
    Japan’s Canon to build U.S. toner cartridge plant – report
    http://www.forbes.com/markets/feeds/afx/2008/05/01/afx4961340.html
    TOKYO
    - Japanese office equipment maker Canon Inc. will invest 60 billion yen
    ($574.9 million) in building a factory in the U.S. that will feature
    fully automated assembly of replacement toner cartridges for printers
    and copiers, the Nikkei reported on Friday, without citing sources.

    This
    would mark the company’s first new construction of an overseas toner
    cartridge factory in about 20 years, the business daily said.The new
    U.S. factory, to be built near a site occupied by toner production
    subsidiary Canon  Virginia Inc., will have a floor space of around
    63,000 square meters.Construction will begin this September and factory
    operations are expected to start as early as December 2009.Canon will
    employ around 700 workers including engineers at the new plant, the
    report said.The company plans to lower its costs-to-sales ratio on a
    consolidated basis by 6 percentage points from the current level to 45
    percent by around 2010, it said.