Nikon to make DSLRs at £5m Laos plant to cut costs
March 22, 2013
The move is designed to ‘reinforce’ DSLR production and ‘reduce costs’, said Nikon Corporation president Makoto Kimura.
Nikon currently makes its entry and mid-range DSLRs in Thailand.
‘With the establishment of this new factory in Laos, a part of the production for digital SLR cameras, which are completed as final products at Nikon (Thailand), will be done in Laos,’ reads a statement released by Nikon’s headquarters in Tokyo, Japan.
The plant will cost 60 billion Laos kip, equivalent to around £5 million, and is due to open in October.
Last month, Nikon said it expects to sell 100,000 fewer interchangeable-lens cameras than previously forecast, and admitted it has been hit by competition-fuelled price drops that began in November 2012.
Nikon also slashed its lens sales forecast – by 200,000.
Last week, Nikkei.com reported that the company plans to cut its camera ‘inventory’ by 20%, partly by speeding up production.
At the time of writing, Nikon had yet to respond to a request for comment on the Nikkei article.
In a profile published by BBC News, Laos – a communist state – is described as one of east Asia’s poorest countries, which has ‘struggled to find its position within the changing political and economic landscape’, and with a human rights record that has ‘come under scrutiny’.