Canon Announces Plan To Build Toner Cartridges Plant In Japan
Canon has confirmed that the construction of a toner cartridges plant in Japan will get underway next year. The firm will invest approximately 80 million yen (£228 million) to develop Hita Canon Materials, a producer of toner cartridges and parts in Tokyo in June next year, with production expected to begin in May 2021.
The plant was originally announced in late 2008 but stalled because of the impact of the global financial crisis on demand for toner cartridges. However, after a "careful ongoing review of market and economic conditions", Canon believed the laser printer market is heading toward recovery which should drive growth for cartridges. Some 350 jobs will be created by the new plant.
Recently, Canon announced a promotion in which customers can get cashback when they buy one of the firm's PIXMA printers.
Posted by Canzil Ahmed.