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Japan’s Canon to cut production at Zhuhai factory, with full shutdown in southern China looming

Japanese optical product maker Canon will close part of its Zhuhai factory in southern China, with a full shutdown of the 32-year plant being considered, due to shrinking demand in the digital camera market and continued fallout from the coronavirus.Rumours about the closure of the entire facility in Guangdong province started on Thursday with an internal company letter circulating onlineThe announcement, which was issued on Wednesday, said that “the operation of the company is facing…

Read the original article at South China Morning Post

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