Canon To Manufacture Digital Cameras In Brazil Through Establishment Of Canon Industria De Manaus
LAKE SUCCESS, N.Y., June 11, 2012 - Canon Inc. today announced plans to launch digital camera production in Brazil through the establishment of Canon Industria de Manaus Ltda., located in the state of Amazonas.
Recently, the digital camera market has displayed steady growth, led by emerging countries. Brazil, in particular, has a large market with demand expected to increase, which has created a pressing need for a strategic product supply.
In response to these circumstances, Canon has newly established Canon Industria de Manaus Ltda. in Amazonas state, Brazil.
Overview of New Company
|1.||Name:||Canon Industria de Manaus Ltda.|
|2.||Location:||Manaus, Amazonas, Brazil|
|3.||Representative:||Masanobu Hishinuma (President)|
|4.||Business activities:||Manufacture of digital cameras|
|5.||No. of employees:||Approx. 60 (tentative, as of the end of 2013)|
|6.||Capital:||210 million yen (calculated at an exchange rate of BRL 1= JPY 39.5)|
|7.||Equity structure:||Canon Inc.: 99.99% / President Hishinuma: 0.01%|
|9.||Total floor area:||Approx. 1,800 sq. meters|
|10.||Total investment:||Approx. 110 million yen|
|11.||Start of operations:||July 2013 (tentative)|
Note: Canon also operates a business machine and digital camera marketing company in Brazil, Canon do Brasil Industria e Comercio Ltda., which was established in November 1974.
About Canon U.S.A., Inc.
Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions. With approximately $45.6 billion in global revenue, its parent company, Canon Inc. (NYSE:CAJ), ranks third overall in U.S. patents registered in 2011† and is one of Fortune Magazine's World's Most Admired Companies in 2012. Canon U.S.A. is committed to the highest levels of customer satisfaction and loyalty, providing 100 percent U.S.-based consumer service and support for all of the products it distributes. Canon U.S.A. is dedicated to its Kyosei philosophy of social and environmental responsibility. To keep apprised of the latest news from Canon U.S.A., sign up for the Company's RSS news feed by visiting www.usa.canon.com/rss.
† Based on weekly patent counts issued by United States Patent and Trademark Office.
All referenced product names, and other marks, are trademarks of their respective owners.