Canon to make digital cameras in Brazil
LAKE SUCCESS, N.Y.—Canon Inc. plans to manufacture digital cameras in Brazil through the establishment of Canon Indústria de Manaus Ltda., located in the state of Amazonas.
The company says it will employ 60 workers and represents about $1.4 million in total investment. The 1,800-square-metre plant is forecast to be operational in 2013.
Recently, the digital camera market has displayed steady growth, led by emerging countries.
Brazil, in particular, has a large market and Canon expects demand to increase prompting the move to guarantee a strategic product supply.
Canon also operates a business machine and digital camera marketing company in Brazil, Canon do Brasil Indústria e Comércio Ltda., which was established in November 1974.
With approximately $45.6 billion in global revenue, Canon Inc. ranked third overall in U.S. patents registered in 2011.