Canon to build laser-printer factory in Philippines

Jan 31, 2012
A Canon representative displays a "DreamLabo 5000" commercial inkjet printer which can make high-speed prints at the company's headquarters in Tokyo in 2011. Japanese high-tech giant Canon said Tuesday it would build a laser-printer factory in the Philippines in anticipation of strong growth in global demand.

Japanese high-tech giant Canon said Tuesday it would build a laser-printer factory in the Philippines in anticipation of strong growth in global demand.

Construction of the facility in Batangas would start in April next year with the plant scheduled to begin production a year later, said in a statement.

"The expected increase in future demand for competitively priced has created a pressing need for Canon to secure necessary production capacity while making it possible for the company to respond in a flexible manner," it said.

The factory is expected to employ about 5,000 people by 2014, the company said, adding that the printer business was a central pillar of the firm alongside its other office products and cameras.

Canon said it chose the due to its ready labour supply and the fact that many workers were able to speak English.

The company Monday posted a solid full-year result despite the difficult global economic environment. Canon has two existing Philippines-based subsidiaries.

Explore further: China's Xiaomi raises more than $1 bn in funding

add to favorites email to friend print save as pdf

Related Stories

Canon profit drops, cuts forecasts due to tsunami

Apr 26, 2011

(AP) -- Canon said its first quarter profit dropped slightly on costs from an acquisition and Tuesday warned that full year earnings would take a hit from disrupted production due to Japan's earthquake and tsunami.

Toshiba and Canon Announce SED Flat-Panel TVs Launch Plan

Mar 08, 2006

Toshiba Corporation and Canon Inc. today announced that they will start the first stage of mass production of SED panels in July 2007 and launch SED TVs in the 4Q of calendar year 2007. SED, the Surface-conduction Electron-emitter ...

Canon offers new camera for Hollywood filmmakers

Nov 04, 2011

(AP) -- Four decades after winning Academy Awards for its cinema lenses, Canon Inc. was back in Hollywood on Thursday, unveiling a new high-end digital video camera before an audience of some of the world's ...

Canon to spend $12bn on acquisitions by 2015

Jan 11, 2011

Canon plans to spend up to one trillion yen ($12 billion) by 2015 on mergers and acquisitions to expand in the areas of medical equipment and robotics, according to an interview published Tuesday.

Recommended for you

China's Xiaomi raises more than $1 bn in funding

23 hours ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.