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Canon to build new factory in Thailand

Canon Inc. announced the establishment of a new Thailand-based manufacturing company for the assembly of digital multifunction office systems and service parts that will make possible the creation of a flexible production system.

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Flooded Canon factory at an industrial estate in the hard-hit province of Pathum Thani, north of Bangkok

Canon Inc. announced the establishment of a new Thailand-based manufacturing company for the assembly of digital multifunction office systems and service parts that will make possible the creation of a flexible production system.

The new company, Canon Prachinburi Thailand Ltd., will be located in Prachinburi province, Thailand.Recently, the business machine market has displayed steady growth, led by emerging countries. The expected increase in future demand for competitively priced multifunction devices has created a pressing need for Canon to secure necessary production capacity while making it possible for the company to respond in a flexible manner.

In response to these circumstances, Canon has newly purchased land in Prachinburi province and decided to establish Canon Prachinburi Thailand Ltd.In addition to many parts-related companies based in the surrounding region and an established infrastructure, Canon anticipates a stable supply of electricity and access to a steady supply of human resources, making the location well suited for manufacturing.Canon plans to commence construction for the new company in February 2012 with operations scheduled to begin in April 2013.

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Corporate

The environmental case for remote working

Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.

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During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?

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Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

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The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

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