Canon has shut its Guangdong printer plant, citing market decline and competition from local brands, as reported by the South China Morning Post.
Japan's Canon has officially closed one of its major printer production facilities in mainland China, marking a significant shift in the country's printing market dynamics. This closure highlights the increasing strength of domestic brands, as reported by Hong Kong's South China Morning Post.
The plant, located in Zhongshan city, Guangdong, specialized in manufacturing laser printers and ceased operations on November 21. Local media sources indicate that the company attributed the shutdown to a shrinking market and intensified competition from emerging Chinese brands.
In the wake of the closure, Canon's skilled workforce has attracted interest from various recruiters. Electronics manufacturers have been seen distributing flyers outside the factory gates, actively seeking to hire experienced staff who are now available.
