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<strong>TAIPEI, June 7 Asia Pulse</strong> – Japan’s Canon Inc. (CAJ) , the world’s biggest camera maker, began construction Sunday of a new plant in central Taiwan to meet higher demand for the company’s products.</p>
<p>Market analysts believe that the combined investment in the new plant, along with another slated to begin construction in August, will exceed NT$30 billion (US$1.05 billion), according to local media reports.</p>
<p>Canon will invest NT$11 billion in its new factory in the Taichung Export Processing Zone, with construction slated to be completed by the end of next May.</p>
<p>The Taichung plant will begin production in the second half of next year, employing 3,000 workers.</p>
<p>Rising demand for digital single-lens-reflex cameras in recent years prompted the company to decide last year to expand its production in Taiwan, the reports said.</p>
<p>Since the establishment of its first Taiwanese branch in the zone 40 years ago, Canon has brought both capital and technology to the country, making central Taiwan a hub for the optics industry, said Canon Taiwan Chairman Kenji Yoshida at a ground-breaking ceremony for the new plant.</p>
<p>The other plant, scheduled to begin construction in August, will be located in the Chiayi Dapumei Intelligent Industrial Park in southern Taiwan.</p>
<p>Construction of that plant will be completed in July 2012 and once operational, it will require 3,000-4,000 employees, the reports said.</p>
<p><em>thanks Jim</em></p>
<p><strong><span style="color: #ff0000;">c</span>r</strong>