Canon Inc. announced the establishment of a new Philippines-based manufacturing company for the production of laser printers as well as accessories and parts that will make possible the creation of a globally optimized production system. The new company, Canon Business Machines (Philippines), Inc., will be located in the province of Batangas, Philippines.
Recently, the laser printer market has displayed steady growth, with competitively priced models playing a central role. The expected increase in future demand for competitively priced laser printers has created a pressing need for Canon to secure necessary production capacity while making it possible for the company to respond in a flexible manner.
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