May 16, 2019
Under Phase V of its global corporation plan, a five-year initiative launched in 2016, Canon aims to embrace the challenge of new growth through a strategic transformation that entails reinforcing existing businesses as well as strengthening and expanding new businesses, Canon explained.
In order to strengthen its manufacturing technologies and related businesses, the Canon Group has welcomed companies specialising in such fields as industrial equipment and mold manufacturing.
With the announcement of this project, Canon Mold, which leads the Group’s mold business operations, will consolidate its six separate plants located throughout Kasama City into a new integrated plant at a new site within the city.
Canon added: “In addition to renovated equipment, the new plant will also realise such benefits as enhanced production capability and greater logistical efficiency.”
Along with its Ami Plant, also located in Ibaraki Prefecture, Canon Mold will continue to optimise its manufacturing systems in order to swiftly respond to changing market demand.
The new plant will be approximately 18,000 m2 and means an investment of about ¥10 billion ($91 million/ €81 million) over the next three years. The opening is scheduled for August 2020.
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