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Canon closed its Zhongshan printer plant after 24 years due to declining demand and competition from Chinese brands.
Canon has closed its major printer plant in Zhongshan, Guangdong, ending operations on November 21 after 24 years, citing declining demand and fierce competition from Chinese brands.
The facility, once employing up to 10,000 workers, produced laser printers and shut down as local manufacturers gained market share.
Former employees received generous severance packages, with some expecting nearly 43 months’ pay.
Local electronics firms are recruiting skilled workers from the site.
While Canon still operates printer factories in China and abroad, the closure reflects a broader trend of the company scaling back in China, following a 2022 shutdown of a digital camera plant.
Sales in the printing segment dipped 1% in the third quarter, and Canon now ranks behind domestic brands on Chinese e-commerce platforms.
Canon cerró su planta de impresoras de Zhongshan después de 24 años debido a la disminución de la demanda y la competencia de las marcas chinas.