CANON TO DELAY TONER-CTG PLANT FOR THE 2nd TIME

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CANON TO DELAY TONER-CTG PLANT FOR THE 2nd TIME

 user 2009-04-17 at 12:00:05 pm Views: 68
  • #22228

    http://www.bloomberg.com/apps/news?pid=20601080&sid=aqO7NtYzcERY&refer=asia
    Canon to delay toner cartridge plant for 2nd time
    April 09 — Canon Inc., the Japan’s largest office-equipment maker, delayed construction of a toner- cartridge factory, citing a drop in demand as a result of the economic downturn.The company originally scheduled to start operations at the factory, in Oita, southern Japan, in September, Tokyo-based Canon said in a statement on its Web site today.

    The startup was then put back a further six months to March 2010, the company said in November. It hasn’t decided when operations will begin and the decision will not affect the 152 employees already hired for the plant, Canon said today.Canon rose 2 percent to 3,090 yen as of the 11 a.m. trading break on the Tokyo Stock Exchange. The benchmark Nikkei 225 Stock Average gained 2.9 percent