PRESS RELEASE: Canon to build new Canon Hi-Tech Thailand production facility to boost production capacity for inkjet printer products
TOKYO, September 21, 2010—Canon Inc. today announced plans to construct a new production facility at its Canon Hi-Tech (Thailand) Ltd. manufacturing subsidiary to increase the company's production capability for inkjet printer products. The new plant, to be located in Nakhonratchasima province, Thailand, is scheduled to begin operation in October 2011.
In recent years, the inkjet printer market has displayed steady growth worldwide. Additionally, increasing demand expected in the future has created a pressing need for Canon to expand its production capacity for inkjet printer products.
In response to these market conditions, Canon has purchased land in Nakhonratchasima, one of Thailand's northeastern provinces, and decided to construct a second production facility for Canon Hi-Tech (Thailand) Ltd. on the site. Canon aims to commence construction of the new plant in January 2011, and launch operations in October of the same year.
In addition to the region's abundant labor force, Canon expects to realize many benefits from the new facility, including synergies with the existing plant through the utilization of its parts supplies, infrastructure, and other aspects.
Project Overview (Phase I)
|1. ||Name: ||Canon Hi-Tech (Thailand) Ltd. No. 2 Plant (tentative) |
|2. ||Location: ||Naklang, Soong nuen, Nakhonratchasima 30380, Thailand |
(approx. 170 km northeast of Canon Hi-Tech (Thailand) Ltd.)
|3. ||Representative: ||Kazuhiro Kitamura, Canon Hi-Tech (Thailand) Ltd.President |
|4. ||Business activities: ||Production of inkjet printer products and related parts |
|5. ||No. of employees: ||Approx. 5,000 |
|6. ||Land area: ||Approx. 257,280 sq. meters |
|7. ||Total floor area: ||Approx. 64,080 sq. meters |
|8. ||Total investment: ||Approx. 14.6 billion yen |
|9. ||Start of construction: ||January 2011 |
|10. ||Start of operations: ||October 2011 |
|11. ||Production capacity: ||Approx. 5.5 million units per year |
Note: Canon Hi-Tech (Thailand) Ltd., a major inkjet printer production base, was established in August 1990 as a 100-percent wholly owned subsidiary of Canon Inc.
(First posted on Thursday, September 23, 2010 at 23:46 EDT)