Canon To Give Printers $94 Million Boost

Canon on Friday said it would invest about $93.99 million, to nearly double its annual production of ink-jet printers in 2005 compared with last year.

Japan’s largest maker of office equipment said it will build new plants on existing manufacturing sites in Fukushima prefecture, north of Tokyo, and in Vietnam, while boosting production lines at a printer factory in Thailand, which is currently running near full capacity.

It said the moves would lift its production of ink-jet printers, including multifunction and single-function models, to about 20 million units in 2005. Last year it produced around 10.6 million ink-jet printers.

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