Canon Business General

Canon to revive shelved Nagasaki camera plant plan

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TOKYO, June 5 (Reuters) – Japan’s Canon Inc said on Friday it has decided to revive a shelved plan to build a $180 million digital camera factory in Nagasaki, southern Japan, on solid demand for digital single-lens reflex cameras.

Details on the timing of the plant’s start-up and any changes in the investment will be announced later in the day, a Canon spokesman said.

The plant, to make both digital compacts and digital single-lens reflex cameras, was originally to have an annual production capacity of 4 million cameras.

(Reporting by Mayumi Negishi)