Canon to give printers $94 million boost

Printing is a VERY lucrative market. Dell was not mentioned in this article, nor Lexmark. But After HP, Canon and Epson – Lexmark and Dell are also powerful contenders. I’ve been testing out a Lexmark C510 color laser jet printer and it is a beauty. I’ll have an article about color printing in NY Enterprise Report.
ZD Net is reporting that Japan’s largest maker of office equipment said it will build new plants on existing manufacturing sites in Fukushima prefecture, north of Tokyo, and in Vietnam, while boosting production lines at a printer factory in Thailand, which is currently running near full capacity.
It said the moves would lift its production of ink-jet printers, including multifunction and single-function models, to about 20 million units in 2005. Last year it produced around 10.6 million ink-jet printers.
Canon is trying to strengthen its presence in the worldwide printer market but faces severe competition from U.S.-based Hewlett-Packard and Japan’s Seiko Epson.
According to Gartner Dataquest, Canon held 16.2 percent of the global printer market in 2003, third behind Seiko Epson at 22.1 percent and Hewlett-Packard’s 39.5 percent.
(full story)