China Daily reports that Canon Inc. is planning to expand its digital-printing business, as well as its video surveillance and medical-sector businesses, in China.
Canon China chief executive officer Hideki Ozawa said that Canon China’s B2B business is expected to account for 50 percent of its revenue by 2020, adding: “Enlarging our market share of business inkjet printers and laser printers is one of our priorities.”
2017 marks that 20th year since Canon entered the Chinese market.
“The revenue from the Asian market increased most rapidly, accounting for nearly 20 percent of Canon’s global revenue. The Chinese market made the most contribution and the growth in the photocopier is also very obvious,” Ozawa said.
Canon says its will begin will begin using more big data, cloud-computing, and other technologies to promote “the digital and intelligent transformation of the office industry,” according to Ozawa.
Canon also “plans to capitalize on the potential of China’s ‘Healthy China’ and ‘Safe City’ programs by expanding its range of security monitoring and medical-equipment products.
- March 2017: Canon to Use Automation to Lower Laser-Printer Costs, Will Also Expand into Commercial, Package Printing
- February 2017: Canon Acquiring Toshiba Medical Finance in Bid to Grow its Medical-Equipment Business
- January 2017: Tough Year for Canon with Revenue Declines in Many Segments
- October 2016: Canon Discusses Implications of HP’s Acquisition of Samsung Printer Business
- October 2016: Tough Quarter for Canon as Sales, Income, Profits Down; Reduces Forecast
- October 2016: Canon: U.S. Workers Print Approximately 75 Billion Pages Annually on Canon Digital Copier/MFPs
- October 2016: Canon Receives Five-Star Rating for Eco-Friendliness from Chinese Government Agency
- September 2016: IDC: HP’s Acquisition of Samsung’s Printing Group Will Break Hold of Fuji Xerox, Canon, and Ricoh in China