TOKYO (Dow Jones)–Canon Inc. (7751.TO) said Tuesday it will spend Y14.6 billion to construct an inkjet printer plant in Thailand to meet growing printer demand worldwide.
The Tokyo-based maker of digital cameras and precision electronics said it will start building the factory–its second in Thailand–on a 257,280 square meter site in Nakhonratchasima, about 230 kilometers northeast of Bangkok. It is scheduled to begin producing low-priced inkjet printers from October 2011.
The plant will have around 5,000 employees and an annual capacity of 5.5 million units, helping to eventually boost Canon’s overall production capacity to 27 million units–an increase of 40% when compared with the current level.
Canon said it expects the new factory will offer benefits such as synergy with the existing Thai plant, through the use of its parts supplies and infrastructure.
Canon also makes inkjet printers in Vietnam.
-By Hiroyuki Kachi, Dow Jones Newswires; 813-6269-2789; Hiroyuki.Kachi@dowjones.com
Filed under: Blogroll, Industry News | Tagged: Canon, factory, inkjet, printer, thailand |
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