Nikon Factory Shuts Down in China
The Nikon board of directors announced on 30 October that it planned to discontinue the operations of one of its subsidiaries, Nikon Imaging (China) Co., Ltd. They stated that the closure was due to “the rise of smartphones” and the “rapidly shrinking” compact camera market.
Based in Wuxi City, Jiangsu, China, the subsidiary employed 2500 workers, at a factory that produced DSLRs, lenses and compact digital cameras. Expenses related to the discontinued operations and closure of the factory are expected to reach 7 billion yen. Even so, this does not signify the end of Nikon cameras in China. According to Nikkei Asian Review, the company still controls about 30% of the digital camera market there, and that some productions would be outsourced.Tags: better photography, CEIF 2018, China, January 2018, News, nikon, Technology