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Heavy Industry

Canon to break US$1 billion in sales by 2008
By STAFF EDITOR
Published: March 05, 2006 11:00 AM
Canon China president and CEO Hideki Ozawa pledged the company to US$1 billion in sales and a top rank in the sector by 2008, International Finance News reports. Speaking at a new product exhibition in Beijing, Ozawa said that the company would continue to maintain a growth rate of 30% this year; Canon's sales grew 38% last year. He did not reveal details of the company's plans for future investment in the Chinese market, but said that Canon would continue to grow its investment by 30% to 50% annually. The company is aiming have its entire product line occupy the top rank in each sector.Link: http://tech.tom.com/2006-03-06/003D/82201099.html
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