CANON TO RE-START BUILDING $ 360Mln TONER CARTRIDGE PLANT

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CANON TO RE-START BUILDING $ 360Mln TONER CARTRIDGE PLANT

 user 2010-12-06 at 8:09:50 am Views: 91
  • #24366

    http://www.reuters.com/article/idUSTOE6B105520101202

    CANON TO RE-START BUILDING $ 360Mln TONER CARTRIDGE PLANT
    * Factory build had been delayed by global financial crisis
    * But company sees laser printer market recovery
    TOKYO, Dec 2010- Canon Inc is set to build a factory in southern Japan at a cost of 30 billion yen ($356 million) to make parts for laser printer cartridges, the company said on Thursday.The firm had previously planned to open the plant in 2009, but put the scheme on ice following the global financial crisis.”A careful ongoing review of market and economic conditions by the company indicates that the laser printer market is headed toward a recovery which, in turn, is expected to drive steady growth in demand for toner cartridges,” Canon said in a press release.Construction of the plant in Oita, on the country’s southernmost main island of Kyushu, will start in June next year, with production expected to begin in May 2012, the company said. The factory is slated to employ about 350 people by 2015.Both Canon and rival office equipment giant Xerox  beat analysts’ profit expectations for the three months to the end of September.

    http://www.reuters.com/article/idUSTOE6B105520101202