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 +AmitChowdhry