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]

Related posts:

1. Canon EOS Digital Rebel T1i Digital SLR Looking Solid
2. Canon PowerShot D10 Is Waterproof & Dressed In Camouflage
3. Canon Introduces The SELPHY CP780 Portable Photo Printer
4. Eye-Fi, Direct Camera To Computer Photo Transfer Service, Receives $5.5 Million in Funding
5. Cisco Buys Out Pure Digital For $590 Million