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Canon to Spend 30 Billion Yen to Build Plant, Nikkei Says

Dec. 2 (Bloomberg) -- Canon Inc. will spend 30 billion yen ($357 million) to build a plant in Oita prefecture, southern Japan, the Nikkei newspaper reported, without saying where it obtained the information. The Tokyo-based company will make printer-cartridge parts at the plant starting in May 2012, the report said.

Link to Company News:{7751 JP <Equity> CN <GO>}

To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Takehiko Kumakura at tkumakura@bloomberg.net

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