TOKYO, May 16, 2019—Canon Inc. ("Canon"; Headquarters: Tokyo, Japan; Chairman & CEO: Fujio Mitarai) and Canon Mold Co., Ltd. ("Canon Mold"; Headquarters: Kasama City, President & CEO Norihisa Saito) today announced a project to consolidate the six Canon Mold plants located in Kasama City, Ibaraki Prefecture into a new integrated plant to be established elsewhere in the city, with the aim of further expanding the company's mold manufacturing business.
The new Canon Mold plant (CG rendering)
Under Phase V of its Excellent Global Corporation Plan, a five-year initiative launched in 2016, Canon aims to embrace the challenge of new growth through a grand strategic transformation that entails reinforcing existing businesses as well as strengthening and expanding new businesses.
In order to strengthen its manufacturing technologies and related businesses, the Canon Group has welcomed companies specializing in such fields as industrial equipment and mold manufacturing. With the announcement of this project, Canon Mold, which leads the Group's mold business operations, will consolidate its six separate plants located throughout Kasama City into a new integrated plant at a new site within the city. In addition to renovated equipment, the new plant will also realize such benefits as enhanced production capability and greater logistical efficiency. Along with its Ami Plant, also located in Ibaraki Prefecture, Canon Mold will continue to optimize its manufacturing systems in order to swiftly respond to changing market demand.
| Proposed facility name | Canon Mold Co., Ltd. Headquarters Tomobe Plant |
| Location | Kashiwaihoka (Ibaraki Central Industrial Park, Kasama Region) Kasama City, Ibaraki Prefecture, Japan |
| Lot area | Approx. 100,000 m2 |
| Floor space of facility | Approx. 18,000 m2 |
| Capital investment | Approx. ¥10 billion over the next three years Land and building: Canon Inc. Facilities: Canon Mold Co., Ltd. |
| Main business | Design and production of precision molds for plastic parts |
| Scheduled opening | August 2020 |
| Company name | Canon Mold Co., Ltd. |
| Representative | Norihisa Saito, President & CEO |
| Headquarters | Koibuchi 6241-6, Kasama City, Ibaraki Prefecture, Japan |
| Founded | November 1972 |
| Main business | Design and production of precision molds for plastic parts |
| Shareholder | Canon Inc. (100%) |
