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Camera demand fuels £80m Canon expansion
Monday 7th July 2008
Chris Cheesman
Canon today confirmed plans to build a new camera factory in Japan to cope with rising demand for digital SLRs and compact cameras.
The firm plans to invest the equivalent of around £80m in the plant by the end of 2010. The factory will be located at Higashi Sonogi-gun in Nagasaki.
A Canon Japan spokesman said the expansion was necessary owing to a 'pressing need' to expand production capacity for digital SLR and compact cameras.
Building work will start next January and production is due to start in December 2009.
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