Nikon's 2nd plant in Asia

Nikon's 2nd plant in Asia

TOKYO (Reuter): Nikon Corp plans to build its second offshore camera plant in Asia and to raise its overseas production ratio for cameras to 75 percent in the year to March 31, 1999 from an estimated 30 percent ratio in 1995/96.

A Nikon spokesman said the company is considering China, Indonesia, and Vietnam as possible sites for the new plant. It has yet to decide how much to spend on the new plant, or when it will begin operating, he added.

With the expansion of overseas production, Nikon aims to return its loss-making camera business to profit in or after the 1996/97 fiscal year, the spokesman said.