Printed from http://www.electronista.com

Canon to cut $4.8b in costs using robotics

updated 09:45 pm EDT, Tue March 13, 2012

Strong Yen expected to affect profits

Canon is reportedly planning to slash production costs by at least 400 billion yen (~$4.8 billion USD) by expanding its use of robotics. The strategy move is said to be related to the strength of Japan's yen currency, which is expected to negatively impact the company's annual profits by as much as 100 billion yen (~$1.2 billion USD).

The company is said to be planning to add additional robots to its toner production processes. New implementations are also expected to be added to assembly lines for interchangeable lenses used by SLR cameras, according to a Nikkei report that was quoted by Reuters.

Canon is said to be aiming to increase sales to reach 5 trillion yen (~$60.2 billion USD) by fiscal year 2015, representing a significant increase over revenues for the fiscal year 2011.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News