TOKYO, Nov 08, 2007 (Thomson Financial via COMTEX) -- OCPNY | charts | news | PowerRating -- Olympus Corp, which makes medical endoscopes and digital cameras, plans to build a digital camera factory in Vietnam by 2009 to vary its production base, the Nikkei reported on Thursday without citing sources.
Olympus will be the first Japanese company to manufacture digital cameras in Vietnam, the business daily said.
The company now plans to consolidate its Chinese manufacturing operations into one factory and transfer some operations to the factory to be set up in Vietnam, it said.
The total cost of this consolidation plan will reach 10 billion yen, the report said.
Olympus plans to equip the Vietnamese factory with advanced assembly lines and kick off production at several hundred thousand units a year, it said.
The company also plans to make digital SLR (single-lens reflex) cameras in Vietnam in the future, the report said.
source : tradingmarkets
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