Canon to Construct World’s Largest Laser Printer Plant26 Jan, 2005
Canon to Construct World’s Largest Laser Printer Plant
Canon announced that it will start construction of its largest laser printer plant in the world in April in the northern province of Bac Ninh.
The Japanese company will invest $50 million to build the plant in the Que Vo Industrial Zone, where it will produce low-cost laser printers for export worldwide.
Canon Vietnam's planning department chief, Ogiwara Tadayuki, said the company has decided to build a new plant in Vietnam because its Chinese factories are operating at full capacity and the worldwide demand for low-priced laser printers is high.
"We have also picked Vietnam because of its political stability, a liberalised investment environment and cheap labour. The country has quite a good future," Tadayuki said.
Tadayuki said the new Que Vo-Canon laser printer factory, once built, will have a capacity of 8 million units a year. It will export 100 percent of its products, meeting up to 35 percent of the world's demand for laser printers.
Canon supplies half of the world's laser printers, with its low-priced black-and-white laser printers mainly exported to Japan, the United States, the Europe and other regions.
In 2007, when the factory goes into operation, it will employ at least 3,000 people, Tadayuki said.
Canon currently operates an inkjet printer plant in Hanoi 's Thang Long Industrial Zone.
That $176.7 million plant, which will employ 7,000 people next year, mainly exports its finished products. Canon exported its first printers from Vietnam in May, 2002.