Canon, Japan’s leading technology firm, announced expansion of operations in the country as they are set to built a laser-printer factory in the Philippines which will give jobs to Filipinos.
According to their statement, the contraction of the facility in Batangas will start April 2013. The factory is expected to employ about 5,000 people by 2014.
Canon said that they chose the Philippines as the location of their new factory because of the ready labor and supply and the ability of Filipinos to speak and understand English.
"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," it said.
Laser printer is one of the leading products of Canon alongside of other office products and cameras.
Canon announced solid performance of the company last year despite the difficult economic environment.
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