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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Canon to build new Japan plant after delay AFP - Saturday, June 6 TOKYO (AFP) - - Canon Inc. said Friday the recent recovery of the digital camera market would allow it to start building a new factory after a seven-month delay brought about by the global economic slump. ADVERTISEMENT "A careful review of recent market and economic conditions by the company indicates that the digital SLR (single-lens reflex) camera market is recovering steadily," the company said in a statement. Construction of the factory in southern Nagasaki prefecture would start in July, and operations would begin in April 2010, said the high-tech photographic and office-equipment maker. The factory, which will produce four million cameras annually, will employ as many as 1,000 workers. Construction had been due to begin in January, and the factory was to become operational in December. The start of construction was delayed twice as the global recession battered Japan, pushing companies including Canon to slash jobs and shut factories. Canon, hailed as a success story in Japan's recovery from the 1990s recession, saw its profits plunge last year. The company has said it is braced for another tough year but expects to stay profitable. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business Malaysia's Sime Darby in China property project-reportReuters - Saturday, June 6 GM to provide $2 billion cash for Delphi buyoutReuters - Saturday, June 6 Mattel fined $2.3 mln for tainted toys from ChinaReuters - Saturday, June 6 Cost of F-22 fighter for Japan as much as $250 mlnReuters - Saturday, June 6 TOPWRAP 5-Fewer U.S. jobs cut; policy-makers say worst pastReuters - Saturday, June 6 Enlarge Photo Canon to build new Japan plant after delay Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Carradine may have died from sex act: Thai police US actor Carradine dead, suicide suspected: Thai police Black boxes may never be found: crash investigators World 'getting closer' to swine flu pandemic: WHO Pandemic warnings as swine flu spreads to Africa View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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