MANILA — Canon Business Machines Philippines Inc., the local business machine unit of Canon Inc., targets to produce a total of 10 million laser beam printers by 2018 following the re-launching of its plant in Tanuan, Batangas.
“We’ll hit 10 million (units) by 2018,” Canon Business Machines Philippines president Kazuhiko Yamada told reporters in a press conference Thursday at its CBMP facility at the First Philippine Industrial Park in Batangas.
He noted the firm had already produced 3 million units in October this year.
The president added Canon also plans to hit 5 million units by next year — producing an additional 2 million units in the next 14 months.
About 90 percent of the printer’s parts are sourced in the Philippines, while 10 percent are from foreign suppliers.
Yamada bared the manufacturing plant has seen a 30-percent revenue growth from last year.
The president added he expects a 10-20 percent revenue growth per year.
The plant was damaged by Typhoon “Haiyan” in 2013 and was re-launched only on Thursday. It started commercial operations on April 2013.
The plant exports its printers to North America, Europe and the Asia Pacific.
However, Yamada said the company will not build another facility in the country until 2018, adding the expansion will depend on the market situation by that time.
But, he bared the company sees its employees to grow from 4,000 this year to 4,700 by 2018.
The president also stressed the Philippines has an edge compared to other countries that also produces the printers, as it has a good workforce and the proficiency of Filipinos in English, compared with China and Vietnam.
Yamada also said Canon hopes to surpass Vietnam in terms of the area of its printer plant there, adding the Vietnam plant is larger by 50 percent compared to its 8.5-hectare facilities in the country.
The plant is located in a 30-hectare lot, composed of three buildings. It is the only plant of Canon in the country.
Philippine Economic Zone Authority director general Lilia de Lima, for her part, said in a speech during the ceremonies that Canon has already invested Php 20.6 billion in 2012 for its operations in the country. Juzel L. Danganan/PNA