Canon intends to use industrial robots to cut costs by $4.8 billion

March 14 news, according to foreign media reports, Japan's Canon company plans to cut at least 400 billion yen (about 4.84 billion US dollars) in the next four years the cost to ease the appreciation of the yen and the European economy may slow down the impact.

According to reports, due to the strong yen trend and the continuing downturn in the European economy, Canon hopes to cut costs of at least 400 billion yen in the next four years by introducing industrial robots. Canon expects that due to the strengthening of the yen, the operating profit of the company this year will be reduced by 100 billion yen from the same period of last year.

Canon said that in addition to increasing the use of industrial robots in toner production, the company will also consider using robots in the production of interchangeable lenses for SLR cameras.

Canon expects to increase sales to more than 5 trillion yen by 2015, an increase of 41% compared to December 2011 sales.

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