Canon to Invest in Robotics and Life Sciences

Canon plans to invest 400 billion yen (US$3.2 billion) in robotics and life sciences to attract new revenue growth.

According to Toner News, Canon claims the strategy will become a part of its expansion beyond digital cameras and office equipment.

Canon expects new fields as robotics and life sciences to generate sales of 1 trillion yen (US$8.3 billion) in 2020. By fully automating camera production with developing robotics, the company looks to increase its domestic production ratio from 40% to 60% in the next three years, by becoming more cost-competitive.

Fujio Mitarai, CEO of Canon, says, “After polishing the production technology in the domestic market, we will sell then sell it onto others.”

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