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End of an era: Canon closes China printer plant as Japanese brand loses to local rivals
Yahoo Finance· 2025-12-05 09:30
Core Viewpoint - Canon has shut down its major printer production facility in mainland China, highlighting the increasing dominance of local brands in the printing market [1][3]. Group 1: Company Operations - Production at Canon's Zhongshan facility halted in late October, with remaining staff focused on severance payments and supplier settlements [2][3]. - The shutdown was attributed to a shrinking market for laser printers and heightened competition from local brands [3]. - The plant ceased operations on November 21, primarily due to the declining demand in the laser printer market [3]. Group 2: Employee Impact - Employees reported generous severance packages, with one worker expecting around 200,000 yuan (approximately US$28,290), equating to nearly 43 months' salary based on the average monthly pay of 4,800 yuan [4]. - The closure has led to local electronics manufacturers actively recruiting Canon's skilled workforce, as many experienced employees are now available [5]. Group 3: Facility Background - Established in 2001, the Zhongshan facility expanded rapidly and relocated to its current site in 2012, absorbing production capacity from nearby Zhuhai [6]. - The factory was known for its extensive amenities, including sports facilities, a cinema, and dormitories, which allowed workers to live there free of charge until December 21 [6].