Canon Planning To Build $180 Million Camera Factory

Canon Inc. announced that they are planning to build a $180 million camera manufacturing factory in southern Japan.  Demand for Canon digital cameras have been fairly consistent and growing, especially high-end single-lens reflex cameras.

Canon postponed the construction of the facility back in January due to a weak economy.  Construction will begin in July.  The plant will have the ability to build about 4 million cameras per year.  Shipments of digital SLR cameras gained 8% in April from the same time last year.

[via Reuters]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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