• HOME
  • News
  • Reviews
    • Cameras
    • Head-to-Head
    • Books
    • Monitors
    • Lenses
    • Smartphones
    • Software
    • Printers
    • Accessories
    • First Look
  • Contests
    • EISA Maestro
    • Picture of the Month
    • Smart Travel Contest
  • Tutorials
    • Ask Uncle Ronnie
    • Basics of photography
    • Camera Techniques
    • If I were You
    • Photoshop
    • Tips
  • PHOTOLOGUE
    • Kaleidoscope
    • Master Craftsmen
    • Showcase
    • Travel Photo-feature
  • Promotions
  • More
    • Buyer’s Guide
    • Subscription
    • Print Magazine
  • Advertise

  • HOME
  • News
  • Reviews
    • Cameras
    • Head-to-Head
    • Books
    • Monitors
    • Lenses
    • Smartphones
    • Software
    • Printers
    • Accessories
    • First Look
  • Contests
    • EISA Maestro
    • Picture of the Month
    • Smart Travel Contest
  • Tutorials
    • Ask Uncle Ronnie
    • Basics of photography
    • Camera Techniques
    • If I were You
    • Photoshop
    • Tips
  • PHOTOLOGUE
    • Kaleidoscope
    • Master Craftsmen
    • Showcase
    • Travel Photo-feature
  • Promotions
  • More
    • Buyer’s Guide
    • Subscription
    • Print Magazine
  • Advertise

Canon to Slash Costs by $3.9 Billion

November 24, 2011 by spwordpress

Canon Inc. plans to slash production costs by at least 300 billion yen (US$3.896 billion) by installing automating lines at home and abroad locations as a part of drastic overhauls to cope with the strong yen and fierce competition by 2015.

Canon had been using robots to replace workers at its toner plant in Oita, Japan. It plans to introduce the same system to its factories in the US and Europe. It plans to increase the number of automated toner production lines at its toner plant in Virginia from the present three to ten. In Europe, Canon plans to build a factory that will handle everything from automated production to recycling. Along with these measures, the company has decided to lower their cost-to-sales ratio to a record low of 45 percent by 2015, down from 52 percent in 2010.

Canon expects its total sales to hit 5 trillion yen (US$64.9 billion) in 2015, up 35 percent from 2010, and its group net profit to reach 500 billion yen (US$6.49 billion).

Filed Under: News

LATEST ISSUE

  • Facebook
  • Instagram
  • Twitter
  • YouTube

RIDING A WAVE

Link to EISA 2024 Doors Open Campaign

MAGZTER Subscription Offer

Chance to Get Featured

Interested in being featured in Smart Photography? Send us low-resolution versions of 12 to 20 of your best images, and stand a chance to exhibit your work in our Kaleidoscope, Showcase or Mastercraftsman section.

Email: sp@nextgenpublishing.net

EPSON EcoTank L8180

SPECIALS

Smart Photography AWARDS 2024

April 4, 2024 By SPEdit Team

… Continue Reading

Gorilla Glass: Scratch, Optics, and Everything in Between

August 10, 2021 By Sujith Gopinath

… Continue Reading

Exploring Odisha: The North-Central Expedition

December 4, 2020 By Sujith Gopinath

… Continue Reading

Exploring Odisha: The Western Wilderness

November 6, 2020 By Sujith Gopinath

… Continue Reading

More Posts from this Category

Text Widget

Copyright © 2025 ยท Smart Photography Magazine

Recent

  • BenQ Launches PD Series Monitors
  • Sony Unveils FE 50-150mm F2 GM Telephoto Zoom
  • Nikon Launches Z5II mirrorless camera
  • Canon Partners with IFP
  • April 2025

Search

Copyright © 2025 · Smart Photography Magazine ·