July 6, 2012
According to an article on Philippine news website mb.com, the OEM is planning to open a new P20 billion ($478 million/€386 million) laser printer manufacturing facility on a 22 hectare site in Batangas next year.
The facility is in addition to Canon’s three existing business units in the country that each employs 500 Filipinos: Canon Marketing Philippines Inc., Canon Information Technologies and Canon Business Machines; and will initially employ 6,000 people. However, Lilia B. De Lima, Philippine Economic Zone Authority Director-General claims that once the facility is in full commercial operation, it is expected to generate 30,000 direct and indirect jobs.
Alan Chng, Prsident of Canon Marketing (Phillipines) announced the company’s intentions at Canon’s 15th Anniversary celebration in early July, stating that “The future of Canon in the Philippines is bright,” and reported that Canon has been seeing year-on-year double-digit growth, being the leader in the domestic market for inkjet printers, video cameras and DLSR cameras for the past six years.
Hideki Ozawa, President and CEO, Canon Asia Marketing Group commented that “Without question, the Philippines is a very important country to Canon,” and stated that the company recognises Asia as a key market due to it’s strong and rapid growth.
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