End of an era: Japan’s Canon shuts China printer plant as local rivals rise

End of an era: Japan’s Canon shuts China printer plant as local rivals rise

Closure marks a turning point, where Chinese brands have not only caught up with foreign rivals but have also begun to dominate home market.

Canon closes major Chinese printer production plant

Canon has shut down one of its major printer production facilities in mainland China, reports the South China Morning Post. The closure highlights the growing clout of domestic brands in the country’s printing market. The plant, which specializes in manufacturing laser printers in Zhongshan city, Guangdong, ceased operations on Nov 21. The company told employees the shutdown was […]