📸Nikon to Discontinue Operations of a Consolidated Chinese Manufacturing Subsidiary of Imaging Business

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📸Nikon to Discontinue Operations of a Consolidated Chinese Manufacturing Subsidiary of Imaging Business

Nikon Corporation (the “Company”) has announced at the Board of Directors’ Meeting held today the resolution that operations of consolidated subsidiary Nikon Imaging (China) Co., Ltd. will be discontinued.
Nikon Imaging (China) Co., Ltd. (NIC) was established in June, 2002 in Wuxi City, Jiangsu Province, China, and manufactured digital cameras and lens units for digital cameras. In recent years, however, due to the rise of smartphones, the compact digital camera market has been shrinking rapidly, leading to a significant decrease in operating rate at NIC and creating a difficult business environment.

 

http://www.nikon.com/news/2017/1030_01_e.pdf
Nikon Closes Camera Factory in China, Blames Rise of Smartphones

https://petapixel.com/2017/10/30/nikon-shutters-compact-camera-plant-china-blames-rise-smartphones/

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